Yermek Suleimen’s Post

Happy Labor Day! 🍔 I love how tenured Costco Wholesale employees are. They are nice, cheerful & very helpful. Today, they are reminded that their co. cares about them as the stores are closed. 💡 As an investor (which I am not), your shares of COST keep growing. 💰 #LaborDay #leadershipmatters #employeeengagement

The lessons that translate: 1. Sales margin per employee matter 2. Higher than average comp matters, but you must measure the performance. 3. Volume equals vanity, profit equals sanity 4. Some things define culture, and should be saved at all costs. I'm talking about you rotisserie chicken

Morning all! So I went on my bi-weekly Costco Wholesale run this weekend. Bought some new lawn-chairs and they are 🔥🔥 Not the point, but I’m pretty pumped to have some summer campfires with these babies. Last week I really dove into a couple of facts about generating #customerloyalty and utilizing rewards to increase #CLV. On that note, a lot of the research that I did over the past week has really pointed to one underlying concept: #brandloyalty . I bring my trip to Costco up because Kirkland has a cult-like following (and I’m included on that list - I LOVE Costco & Kirkland branded products). . Why…? No seriously, I’m asking why - what’s your favourite thing about Costco and why is it the free samples? Kidding - would love to get your opinion on why Costco/the Kirkland brand has such devout customers! I read somewhere that Kirkland does quality testing for anything branded, and if it doesn't beat the first competitor, then it doesn't hit their shelves. I tried to find a verified source confirming this, but didn't have much luck. So I'm curious as to where that information came from and how it was proliferated. Has anyone heard this about Costco/Kirkland before? Or did the marketing team just do a very fantastic job of getting people to trust Kirkland more? #customerloyalty #customeracquisition #brandloyalty #research #testing #brand

🎉 Costco: The Wholesale Retailer That Keeps on Giving 🎉 🔥💰 Don't Miss Out on the Hottest Stock of 2024! 💰🔥 🌍✨ Low Prices, Big Rewards, and International Expansion! ✨🌍 🔔 Are you ready for the inside scoop on Costco's record-breaking success? 📈 CEO Craig Jelinek spills the beans in his exit interview with Jim Cramer, and it's mind-blowing! 😮💥 💼💪 From amazing benefits for employees to unbeatable deals for members, Costco is the ultimate retail powerhouse. Plus, they're not afraid to shake things up with some jaw-dropping items! 💥😱 Who needs groceries when you can buy gold bars and Babe Ruth autographs? 🏆⚾ 💰💯 But that's not all! Shareholders, listen up! 💸📣 Costco is showering you with cash dividends and even hints at a membership fee hike in 2024. 🤑💸 So not only do you save big on bulk shopping, but you also fatten up your wallet! 💼💰 🌍🚀 And hold on tight because Costco is taking over the world! 🌎🚀 With plans to open 33 new warehouses and conquer underdeveloped markets, the sky's the limit for this retail giant. 🌟🌍 🔥👏 But wait, there's more! 👏🔥 Ron Vachris, Costco's future CEO, is ready to continue the legacy, ensuring the Costco culture thrives. And don't worry, Jelinek will still be lending his expertise as an advisor and embracing the joys of grandparenthood. 🧡👴👶 📚💡 Want to know all the secrets behind Costco's unstoppable rise? Click the below to uncover the hidden gems and join the Costco craze! 📚💡 #Costco #RetailPowerhouse #UnstoppableSuccess #StockMarket #CashDividends #MembershipFeeHike #GlobalExpansion #RetailGiant #SecretsRevealed #ClickThe #CostcoCraze 😍🔥 Don't keep this incredible news to yourself! Share the post and let your friends in on the hottest retail scoop of the year! 🔥😍 article: https://buff.ly/3tneAcz

Costco Wholesale plans to build its largest warehouse club yet in Fresno, California. The location would be 241,000 sq. ft. While this would become Costco's largest location, a big piece of the club would not be open to members. The location would house a 47,000 sq. ft. relocated market delivery operation (MDO) for receiving, storing and loading big and bulky items for Costco’s home delivery service. Costco has generally handled its large-items delivery business from separate locations. At MDO facilities, large goods are dropped off, sorted and loaded for daily deliveries to Costco members. Doing it from its club locations would follow what Walmart and Target do from many of their stores. Perhaps the inclusion of a MDO in club suggests a pivot to a new model. #lastmiledelivery #costco #customerexperience

Costco challenger primed for growth BJ's Wholesale Club, a smaller rival to Costco and Walmart-owned Sam's Club, is deepening its Southeast footprint this year, as it tries take a bigger bite of the membership warehouse market. BJ's plans to open a total of 12 new locations this fiscal year, including two in Florida and one each in Tennessee and South Carolina. "Value-focused retailers," notes CNBC, are having a moment in the U.S., as more continue to seek out bargains. Dollar General, Aldi and Burlington have led in the sheer number of store openings so far this year, according to Coresight Research. Sam's Club and Costco are in growth mode, too: Sam's Club is in the midst of opening 30 stores by 2028; Costco has 30 new locations planned worldwide during its fiscal year. Meanwhile, Costco locations will soon enforce the retailer's policy that food courts are intended for members only. #bigbox #newstores #marketshare

Most know Costco for the $1.50 hotdogs and the story of Costco co-founder Jim Sinegal telling the current CEO "if you raise the (price of the) effing hot dog, I will kill you", but I don’t think people understand the level of operation and thought that goes into each Costco location: - They aim for a low ~14-15% markup on most of their products (for comparison — Walmart aims for ~45%, while Ulta / Sephora aim for ~70%) - There are only 4,000 SKU’s (products) per store and ~40% of those are curated for each region (most grocery stores have 30k+) - Costco starting pay rate is $18.50/hr, and employees get 1.5x on Sundays - Rotisserie chickens are sold at a loss and on avg only on shelves for ~2hrs per day - Was the first company to grow from zero to $3B in sales in less than six years Long live Costco!