Feb 14, 2005, 9:36 AM
Post #8 of 19
I have to vote my conscience here......sorry to be political - but it's my nature. I do think this is a side of the story that must be heard, so hopefully the "delete police" are taking a siesta.
Re: [gpk] Costco vs Sam's Club Membership
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Now I must admit I am a stock holder (small potatoes) and have been since 1988 when I lived in Seattle and could see the opportunity this young company had.
Costco is a great (let me repeat.......... GREAT employer) with family wage jobs and they really are interested in that aspect of the business plan. I have several friends who work in the Corporate level, including the former HR director. They are very flexible with hours and will allow all of it's employees (non-seasonal) to participate in benefits (health care!!! & 401K) relative to there work schedule after 30 days of employment. It's unusual in todays business world to find "good" employee relations, but Costco has that down pat!
Walmart (Sam's) has a poor track record here. I will not slam them as I think they are more like the normal corporation today.............. If you want to see how Walmart has approached the market check out the Frontline series on PBS. Hey I'm not saying they are wrong, but not friendly to the workin man.
Anyway my vote is for Costco primarily for the reason stated above. I do think they have a superb product line.
Recently I took back a Costco brand ballistic nylon suitcase (big one) that had been all over the globe with my wife and I several times, in fact I know I bought that at their original store on 4th Ave South in Seattle over 15 years ago. Anyway the zipper was failing (the little metal teeth were tearing away). I expected them to offer a repair job for the zipper. I would have been fine with that. To my surprise without any fuss I was told to go get a replacement in the store ($139.00) and come back to the customer service counter.
Yes, Costco is tops in my book. Not to mention the best fresh meats, produce and now seafood here in Vancouver on Fridays (clams, mussels, lobster, catfish, snapper, crab legs)..... I made a giant pot of Bouillabaisse (seafood stew) for all my neighbors on Saturday. 12 of use dined quite well. good wine selection too.
Costco is very savvy at their game of high volume, HIGH QUALITY, consumer goods. PS the stock has been a home run too! :-)
"NOT ALL WHO WANDER ARE LOST...."