Brand new CFO and his first executive decision is to save the hot dog. That's what I call leadership!
The hot dogs and the rotisserie chickens are their loss leaders.
That way you won’t notice when membership goes up 15% and fewer brand name items go on sale in favor of their Kirkland stuff. [I’m not one who finds Kirkland stuff to be “just as good”. Some items are but a lot are not, imho.]
Meh. It isnât that good.
It’s a loss leader. This isn’t that hard.
At our Costco, they don’t sell the Polish sausage “hot dog” any more. I loved that!
When we first joined costco, 1988, the only place to buy that hot dog was in a little hot dog stand outside the store.
It’s kind of amazing how Costco has changed over the years. This is one of those little ways. I suspect the hot dog will go the way of their latte. They won’t increase the price. They’ll simply take it off the menu. They’re really not very good for you.
I want the sausage back. Don’t like the hotdog.
Will they stuff the hotdog with beef/pork/chicken, or will they fill the hotdog with bugs??
Amazing marketing to shareholders. Forget profit margins, dividends and earnings per share. Lets focus on successfully selling $1.50 hot dogs instead.
Donât let them fool you. Theyâre still making money with it at $1.50. Soda is pennies on the dollar since itâs all fountain soda. And even if you buy jumbo foot long hot dogs in the supermarket as a consumer, youâre paying about $2 a dog retail. The price to Costco as a direct manufacturer is much much less, as are the price of buns. The margins are not high, but thatâs not the point. Itâs at worst a loss leader to get people into the stores and fill up their baskets with hundreds of dollars of merchandise. The former CFO is an idiot.
And people who shop at Costco are obviously impoverished.
I had a hot dog and a glass of water at a local fast food joint the other day. It had onions, hot peppers and a pickle for ~$4.5 which included tax. Yikes.
Notice how we are seeing all these stories right after Her Majesty the Couch Cushion Queen said that Joey told all these places to lower some prices so people will vote for him?
Notice how we are seeing all these stories right after Her Majesty the Couch Cushion Queen said that Joey told all these places to lower some prices so people will vote for him?
No problem. Just use lower grade lips and a******s for the hot dog.
There's a very similar story about the "under priced" Disney land coffee table books, Walt pointed out to the bean counter that selling the book for a quarter of its cost was a money maker.
They go home, put it on their coffee table, show it to their neighbors and gush about how wonderful their trip their was.
You cannot buy better advertising!
Sheetz has had 2 for a buck for awhile now.
Kraut relish and onions free.
We always get a hot dog and soda then shop. đ
Of course, the ingredients will still be based on local roadkill...