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Think about it this way: Based on Costco's policy, you could technically buy a membership, use it for 364 days, cancel right before the one-year mark, get your money back, and then repeat that ...
Members can't be trusted not to disrespect property they don't own, essentially," read another message. This wouldn't be the first time bad behavior at Costco has gone viral.
Ultimately, the $54 markup price is the shop's margin of profit. Cost-plus pricing is common and there are many examples where the margin is transparent to buyers. [4] Costco reportedly created rules to limit product markups to 15% with an average markup of 11% across all products sold. [5]
Plus, when you buy items in these categories from Costco, you get the benefit of a 90-day return policy. Electronics also come with a free second-year warranty and tech support.
The divisive new membership requirement at Costco has been receiving both praise and criticism from customers. Costco Claims Its Controversial New Front-Door Policy Has Major Benefits for You Skip ...
It's perhaps not so surprising that the Costco staff is dedicated to the job -- Costco gets pretty high ratings from employees (4.0 and 3.9 out of 5 on Indeed and Glassdoor, respectively).
Costco Connection is a magazine sent free to the Costco executive members; it can also be accessed online by anyone, free of charge. [161] As of 2024, the magazine is distributed to 15.4 million households and has 300,000 copies at warehouses. It has the third-highest magazine circulation in the United States, behind two AARP magazines. [162]