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You don't need a membership to eat at the food court.
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May 23, 2022 02:13
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You definitely have out here for a while. The kiosk scans your card.
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May 23, 2022 02:19
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I thought that changed during the pandemic. E: changed to require membership to eat at the food court that is.
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May 23, 2022 02:20
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You don't require a membership in Illinois, but it's probably down to local regs on what you can require someone to do before they buy prepared food from you.
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May 23, 2022 02:33
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That isn't even the dumbest part. If anyone actually tried this (which they won't it's wsb shitposting not a serious idea) that comes out to about 21,000 reddit posters per Costco store buy 1000 hotdogs each. Each store isn't stocking 21 million hot dogs. They'd just sell the ones they do have and then be like "oh sorry we're sold out of hotdogs". This isn't some dumb poo poo cryptocurrency, the Costco smart contract won't just run in an infinite loop losing $5 as long as someone keeps pressing the button.
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May 23, 2022 02:35
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mrmcd posted:That isn't even the dumbest part. Just a stunning display of terminal Computer Science brain.
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May 23, 2022 02:43
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loving with the Costco hot dog I feel is also a good way to get disappeared given hasn't the company founder basically stared down every finance guy who's even suggested changing the price of it?
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May 23, 2022 03:06
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njsykora posted:loving with the Costco hot dog I feel is also a good way to get disappeared given hasn't the company founder basically stared down every finance guy who's even suggested changing the price of it? “If you raise the [price of the] loving hot dog, I will kill you. Figure it out”
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May 23, 2022 03:27
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mrmcd posted:That isn't even the dumbest part. Then you live off of the pizza and hot pockets.
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May 23, 2022 03:33
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I can buy hot dogs from Whole Foods/Amazon 6 for $7 at retail prices and some buns for $3.50. Costco runs their own hot dog factory. There is no way Costco is losing money per dog.
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May 23, 2022 03:38
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Even if they lose money on the hot dog, it's at worst a loss leader like the toilet paper and rotisserie chicken (Which, suspiciously, both at the back of the store. Funny how that go.) Costco ain't going nowhere.
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May 23, 2022 04:47
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mrmcd posted:That isn't even the dumbest part. Gosh, it sounds like their stocking model is ripe for disruption then! Perhaps I could introduce you to a bespoke blockchain solution?
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May 23, 2022 06:48
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CostCoin going to the moon 🚀
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May 23, 2022 06:53
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Is there any good bwm podcasts like Ramsey. I really don't want to listen to him so he receives money because gently caress him. But I do like a little financial idocacy I to my veins occasionally. Like the caller with 118k in debt making 35k/yr with 2 horses.
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May 23, 2022 13:24
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ultrafilter posted:Costco food court doesn't require a membership, so clearly the plan is flawless. Man I remember there was confusion about that topic in another Costco thread a few years back as some folk had been buying lunch without a membership for years and others who worked at a store insisted you definitely did. Yeah it comes down to local law, and also I think if the food court is outside so you don’t have to enter the main door then you probably don’t. doingitwrong posted:I can buy hot dogs from Whole Foods/Amazon 6 for $7 at retail prices and some buns for $3.50. Costco runs their own hot dog factory. Costco isn’t blindly sticking with the price point. To keep rotisserie chickens $5 they built a colossal plant in Nebraska so they could control the supply chain.
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May 23, 2022 14:14
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The real BWM is eating hotdogs, in the long term anyways.
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May 23, 2022 14:17
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Nocheez posted:The real BWM is eating hotdogs, in the long term anyways.
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May 23, 2022 14:19
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doingitwrong posted:I can buy hot dogs from Whole Foods/Amazon 6 for $7 at retail prices and some buns for $3.50. Costco runs their own hot dog factory. Costco is probably "losing money" on the dogs in the activist investor sense of "not maximizing profit." Would someone pay $2 for that meal? Probably. $3? $4? Eventually you hit a point where lost sales overwhelm the additional money per, but there's absolutely a point where they could be charging more and making more money. The problem with that is that the $1.50 hotdog is practically part of their brand now, and any money they're "losing" (not making) by pricing it that low is probably overwhelmed by people thinking it's a nice amenity and it making the customers happy. A good example is a hypothetical bougie retail boutique with a pitcher full of iced cucumber water or something like that up front by the register. Does it cost money to give people shopping for overpriced purses a drink? Sure. Could they charge for it? Dunno, maybe. But the key is that having that free sip of water with cucumber slices floating in it makes people feel like they're getting a premium, high class shopping experience. You're not just some thrift store, you're the bougie purse shop that has free rich people water because we're so high class we don't even think about the price, what's the most that cucumber water could cost Michael? Meanwhile the first loving thing you see when you walk in Costco is a giant loving sign telling you about this $1.50 hotdog and soda you can buy, and when is the last time you bought a complete lunch for a loving dollar and a half? From the second you walk in they're blasting in your face that this warehouse you walked into is the Home Of Savings and goddamn we will sell you a hotdog priced like it's still the eighties and the longer we keep this running the more hilariously effective this dumb gimmick becomes. It's 110% about messaging and branding.
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May 23, 2022 14:26
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At least in some places it’s A Thing for local sports teams to go to IKEA and Costco for tons of cheap food, which means now teenagers and college kids who wouldn’t otherwise consider going to a place like that may actually decide to start shopping there.
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May 23, 2022 14:34
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People get fuckin nuts about CostCo out in my suburbs. They’ll make bank anywhere there are families with kids. Good steaks too. Even if they were all magically coordinated, there’s no way all 12M people would go just to buy a hotdog. 25% would go “ehhh yeah get me a hotdog, fries, a drink, and some candy” and suddenly CostCo has a great day.
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May 23, 2022 15:20
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Costco fuel discount also seems to give people some brain worms. I get times are tough, as is tradition, but idling a half hour line for a 10 cent discount is bad with everything for everyone.
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May 23, 2022 15:34
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There's few things as BWM as trying to be GWM with fuel.
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May 23, 2022 15:36
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Vahakyla posted:There's few things as BWM as trying to be GWM with fuel. I think every millennial has a story about how their boomer parents drove 30 minutes across town to get gas for $0.01 cheaper.
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May 23, 2022 15:37
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And even people in their twenties and thirties do it today. Seems to be more of the MAGA-crowd driving to next town for gas that's two cents cheaper. It's like a ritual or something.
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May 23, 2022 16:25
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SpartanIvy posted:I think every millennial has a story about how their boomer parents drove 30 minutes across town to get gas for $0.01 cheaper. “I know Bill is our friend and runs Bill’s Gas, but Mobile opened across the street and is two cents cheaper.”
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May 23, 2022 16:47
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Paying high prices is what Joe Brandon wants you to do. It's worth it to drive not to get cucked. Cyrano4747 posted:Costco is probably "losing money" on the dogs in the activist investor sense of "not maximizing profit." Would someone pay $2 for that meal? Probably. $3? $4? Eventually you hit a point where lost sales overwhelm the additional money per, but there's absolutely a point where they could be charging more and making more money. This is exactly what it is. Same studies for Ikea meatballs. What I never understand is why it always seems like Costco is "lol what are they doing?" but for Ikea everyone's all "Wow so smart". Maybe some kind of euro romanticism over US corporation.
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May 23, 2022 16:49
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Cheapdad Disease cuts across generations and ideological divides. Know the warning signs. Talk to your loved ones. Know when to take action.
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May 23, 2022 16:55
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itskage posted:Paying high prices is what Joe Brandon wants you to do. It's worth it to drive not to get cucked. It's because people have the perception that people of means shop at costco. IKEA, despite having popularity among people at many price points, has the perception of being for poors and struggling youths. Like others have said, it's the perception that the consumer's money is there but they aren't exploiting it. Someone shopping at IKEA is perceived as barely making ends meet, in contrast
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May 23, 2022 17:06
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SpartanIvy posted:I think every millennial has a story about how their boomer parents drove 30 minutes across town to get gas for $0.01 cheaper. My mom and dad.  I've never eaten a $1.50 costco hot dog. Am I missing out on something besides an increased risk of colorectal cancer ? Pizza's a good deal though iirc.
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May 23, 2022 17:09
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not even missing out on the colorectal cancer if the pizza has pepperoni on it
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May 23, 2022 17:11
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There's also for sure a level of US romanticising European companies, just look at how some people talk about Aldi (some of it deserved) for example.
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May 23, 2022 17:12
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me: walks in on my BIL watching some ikea doc on netflix TV:*but the company owner had a dark past..* me: what... is he a nazi? BIL: oh, come on. TV: *he was a nazi* me: oh, come on. -- also the hotdog is not bad, but everytime i go to costco i either get pizza or the chicken bake.
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May 23, 2022 17:18
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Residency Evil posted:My mom and dad. It's a good hot dog. A great hot dog for $1.50. It was better when they also let you get polish sausage, though.
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May 23, 2022 17:19
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njsykora posted:There's also for sure a level of US romanticising European companies, just look at how some people talk about Aldi (some of it deserved) for example. Costco has a very generous return policy so buying things there feels pretty low risk. Kirkland brand products are usually pretty high quality at a low cost. Costco also tends to treat and pay its employees much better than similar warehouse type stores. In the capitalist hellscape that is America, it seems like one of the better places to shop imho. Also their gas tends to be about $.20/gal cheaper than other nearby stations on the regular in my area. I wouldn't drive across town for it but a 10min detour? Sure.
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May 23, 2022 17:20
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Ham Equity posted:It's a good hot dog. A great hot dog for $1.50. It was better when they also let you get polish sausage, though. What do you mean "was"? Come to Canada Costco 
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May 23, 2022 17:25
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itskage posted:Paying high prices is what Joe Brandon wants you to do. It's worth it to drive not to get cucked. Honestly doing what best maximizes profit is some terminal brainworms in many cases. There was some point where a bunch of investors got angry at Nintendo or something for not trying to branch out and make something other then video games. Sirotan posted:Costco has a very generous return policy so buying things there feels pretty low risk. Kirkland brand products are usually pretty high quality at a low cost. Costco also tends to treat and pay its employees much better than similar warehouse type stores. In the capitalist hellscape that is America, it seems like one of the better places to shop imho. The number one thing I've noticed is that Costco employees don't have any store uniform, just a name-tag. Freeing people from the prison of company mandated clothing is a major step forward.
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May 23, 2022 17:45
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One of the few major institutional investors who was bullish on crypto has come out and said that "most crypto" is junk, but that Bitcoin and Etherium will survive. However, he thinks Bitcoin will probably crash down to 30% of its current value.quote:Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. The bitcoin people have decided that their hero has been either bought out or his family is being threatened. quote:The FUDD is baked into the fabric of these statements and even those who believe in them. Maybe instead of thinking of it as bitcoin "falling" 70%, you consider that BTC was originally worth fractions of a cent and 8k would still be multiple millions of percentage growth. quote:Why has he changed his tune? Did the white papers change? Did the blockchain change? Or did something about his safety change? quote:most ppl are ignorants and don't know what the hell they doing! quote:Panic selling is mostly selling without thinking and regreting the decision after. By definition this means that any sale of crypto is a panic sell in the long run. But, selling at a loss even more. quote:Selling at a loss is selling because you're panicking, it makes no sense to do so otherwise
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May 23, 2022 17:46
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https://twitter.com/TikTokInvestors/status/1494076067669168130
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May 23, 2022 18:01
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The Cheap Dad Syndrome isn't just gas either, as we all know. Look at people going ham at the Duty-Free shop on cruiseliners, or airliners where the price is actually higher than what you'd pay landside even on a double tax area.
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May 23, 2022 18:04
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Vahakyla posted:The Cheap Dad Syndrome isn't just gas either, as we all know. Yeah but at the duty free shop the money goes to the glorious capitalists and not the stinky government.
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May 23, 2022 18:08
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