Discount for Costco employees?
Originally Posted by mingster,May 6 2009, 05:12 PM
not sure how many people know this, but club/warehouses like costco, sam's, and BJ's operate on very low gross margins (at least half of Walmart, Target, and probably more along the lines of 2/3 less than Best Buy who screws vendors on back end programs and profit centers like the advertising department where the buyers are required to fund pages on the sunday ads).
but to do business with club/warehouse, you need to show a "value" (typically one or two price points below equivalent retail product) by going with more (soaps, sodas, pens, etc.) - so if Walmart carried a single pack X product for $30, a dual pack X product would usually be $50 at Costco.
vendors are responsible for fully funding coupons, of which there are 4 each year.
lastly everything is RTV (return to vendor) on returns, defective or not. but then again Walmart, Target, Best Buy and all major retailers already force that down vendors' throats to begin with. Ever wonder why there are so many "refurb" deals out there?
Originally Posted by s2000raj,May 7 2009, 12:02 AM
Interesting info. So that's why they balked on the electronics. The vendors probably nixed it because they were loosing too much money on it.
Originally Posted by han racer,May 7 2009, 02:14 AM
i dont get it 

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