Posted on 07/22/2005 7:17:48 AM PDT by TaxRelief
... Some Wall Street analysts assert that CEO Jim Sinegal is overly generous not only to Costco's customers but to its workers as well.
Costco's average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco "it's better to be an employee or a customer than a shareholder."
Mr. Sinegal begs to differ. ...Good wages and benefits are why Costco has extremely low rates of turnover and theft by employees, he said. And Costco's customers, who are more affluent than other warehouse store shoppers, stay loyal because they like that low prices do not come at the workers' expense. "This is not altruistic," he said. "This is good business."
...Costco's stock price has risen more than 10 percent in the last 12 months, while Wal-Mart's has slipped 5 percent. Costco shares sell for almost 23 times expected earnings; at Wal-Mart the multiple is about 19. Mr. Dreher said Costco's share price was so high because so many people love the company. "It's a cult stock," he said.
(Excerpt) Read more at nytimes.com ...
So what? WalMart is a GOP contributor, but it also has put in place ultra-liberal policies to exclude any contractor which does not have a specific level of racial diversity. They are canning firms across the nation uless they have top management which has blacks, hispanics and women.
I will never shop at WalMart again.
Here in Ohio, WMT is legendary for the amount of turnover that takes place, along with horrid customer service. It has gotten to the point that people are fed up with WMT that they instead go other places despite higher prices.
Costco doesn't list all of their products on their web site, but they do list this:
http://www.costco.com/Common/Category.aspx?whse=BC&topnav=&cat=20109&hierPath=631*&Browse=
Do not forget that WMT was a key backer of the Clintons and Hillary was on its board of directors before 92. My guess isthat WMT would give a majority of its contributions to Democrats if they had a majority in congress.
This is why WalMart bashing, Microsoft bashing, etc. is so futile and misplaced. It ALWAYS happens the Same:
Big Company A gets too big for it's britches, customer service goes downhill.
Startup company B finds a "better way" and really catches on.
Company B replaces company A at the top of the hill.
Company B gets so successful that it grows to the saturation point.
Company B gets too big for it's britches, customer service goes downhill.
Startup company C finds a "better way" and really catches on...
The system always works itself out. No need to go on some FR anti-whatever-company crusade. Somebody will always come along and knock off the non-reponsive company.
Why are you spreading your bogus BS from thread to thread?
The info you are talking about was in regard to law firms, not suppliers and Walmart was only joing a LONG list of other corporations that have been doing the same for far longer.
There was a thread about it here with in the past 2 weeks.
As I said in my post, what may hold true in your area is not necessarily the same in other areas. And what you are describing does not take place in the area where I live and shop.
Yes, and then some.
Why should I pay more for an identical product, made by the identical company, in another store if Walmart offers it at a lower price?
Excellent website thanks. I will make sure we spend in the reddest of the red companies.
Go Ace and Go Walmart.
That is not true. Law firms are the FIRST step in the business group's diversity objectives. WalMart will join them as subsequent groups are phased in. WalMart is the world's largest emplyer and has dealing with 2,300 law firms nationwide. I don't see how you not be outraged by this.
Ace Hardware is only red because of a $300 contribution- thats it. The inclusion of companies with one dollar sign and some with two is laughable at best.
Cult Stock = Think Krispy Kreme
Home Depot is probably a better choice than ACE - both founders contribute to Republican causes right?
KKD, I watched it's demise daily, the CEO had franchise by-backs at $millions from his relatives, even as its expansion plans were cratering.
I mentioned KKD a couple of years ago on this board, stating that it was a shell game, IIRC a lot of Freepers thought I was nuts at the time LOL
Kmart Holdings is another contemporary Cult Stock, along with Google, both will crash and burn in the next 12-18 months.
Costco is not raelly a bad stock like these, but it's just peaking now, better to be selling now, buy low and sell high.
Most of the public thinks a stock is only good when it's expensive, lol
Yes,
And Home Depot contributed $448,500, of which 82% went to republicans- and not from what I could tell RINOs. Lowe's had a better rating, all of their money went to Republicans, but they only donated $6000.
http://www.buyblue.org/detail.php?corpId=83
you dirty, dirty person. lol
Walmart is a private entity - they are free to choose who they do business with, on whatever grounds they wish to set.
Why should I be outraged by this?
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