this members only wholesale chain is an
essential grocery shopping stop for many
Americans but how much do you really
know about it
welcome to watchmojo.com and today we’re
counting down our picks for the top 5
things you didn’t know about Costco
before we begin we publish new videos
every day so be sure to subscribe for
more great content come along as we go
behind the scenes to see how this hugely
successful business functions and
explore the history of this corporation
but you gotta buy a cooler to die Terry
get you
number 5 Costco has had conflict with
some big-name brands these pictures
allegedly show Tiffany knockoffs inside
a California Costco as Costco stopped
carrying a favorite product of yours
while this happens it all stores Costco
is known to hold its retail partners to
a particularly high standard and is
given a few companies the boots over the
years back in 2009 the retail giant
temporarily took all products made by
coca-cola off their shelves after a
disagreement over pricing they are a
similar conflict with Starbucks when the
coffee chain failed to disclose a price
change in their coffee beans that being
said Costco has also been on the other
side of things like in 2013 when they
faced a lawsuit for selling Tiffany
engagement rings that weren’t actually
made by Tiffany and Co but reportedly
misled many customers to think they were
you think you’re buying into a branded
any fine it is a red number for the
first store was a converted airplane
hangar unlike with some other big-name
companies the history of Costco is an a
tale that’s been drilled into the public
consciousness Isle of Casco the earliest
iteration of this business price Club
opened up in 1976 and was the first
store of its kind the initial concept
was to cater to small businesses but the
creatures quickly realized that they
could increase their profits
exponentially by serving the general
public as well the first store was
located on Marina Boulevard in San Diego
California
in buildings that previously functioned
as an airplane hangar stores today
continue to be modeled in the same
fashion albeit in traditional warehouses
without the high-flying legacy number 3
the company sells 157,000 rotisserie
chickens every day
and loses money you do this for me right
now I’m gonna I I will buy you a Costco
rotisserie chicken so well Costco has
had a few landmark items on its shelves
there is arguably none more beloved than
their rotisserie chicken whatever
wholesale company can post a fan page
with over 10,000 followers the prices
remained unchanged for years $4.99 US
dollars which is actually below cusco’s
price per unit all said and done these
chickens lose Costco 30 to 40 million
dollars per year so why not raise the
price because it’s one of the few items
that keeps customers coming back and
honestly have you ever left Costco with
only a roast in your cart oh sorry
that’s that’s me that’s another fun fact
Costco sells more hot dogs than every
major baseball stadium combined number
two you can buy some crazy stuff there
oh they got a great deal on pianos if
you buy a 4-pack meg help me get these
down when you’re making your way down
the Costco aisles you’ve likely had more
than one or two items that catch your
eye can make you do a double-take and
while there may be some interesting
stuff on warehouse shelves the products
they sell on their website are even more
broadly ranging oh my god amazing yeah
one of the more extreme things available
for purchase is the emergency cube which
contains 30 1,500 servings of
freeze-dried and dehydrated food for
end-of-days type situations they also
sell things for every stage in life
including caskets and you can literally
buy everything you need from birth to
death oh my god number one they pay
their employees really well Costco has
been widely praised for their treatment
of employees but not everyone realizes
just how great it is to work at Costco
the CEO believes in offering a living
wage so employees starts at $11 fifty an
hour
as of 2013 that’s significantly higher
than the national minimum wage of $7.25
and on average employees actually make
much more than that
with the median wage being $21 an hour
but at our company we recognize that job
creation requires time
investment and commitment to the
long-term the majority of the company’s
employees also receive benefits packages
Costco’s competitors don’t come close to
offering anything similar with Sands
Club paying on average 42% less they
also tend to hire internally and have
been known to reject business school
graduates do you agree with our picks
check out these other great clips from
WatchMojo and subscribe for new videos
every day
[Music]
essential grocery shopping stop for many
Americans but how much do you really
know about it
welcome to watchmojo.com and today we’re
counting down our picks for the top 5
things you didn’t know about Costco
before we begin we publish new videos
every day so be sure to subscribe for
more great content come along as we go
behind the scenes to see how this hugely
successful business functions and
explore the history of this corporation
but you gotta buy a cooler to die Terry
get you
number 5 Costco has had conflict with
some big-name brands these pictures
allegedly show Tiffany knockoffs inside
a California Costco as Costco stopped
carrying a favorite product of yours
while this happens it all stores Costco
is known to hold its retail partners to
a particularly high standard and is
given a few companies the boots over the
years back in 2009 the retail giant
temporarily took all products made by
coca-cola off their shelves after a
disagreement over pricing they are a
similar conflict with Starbucks when the
coffee chain failed to disclose a price
change in their coffee beans that being
said Costco has also been on the other
side of things like in 2013 when they
faced a lawsuit for selling Tiffany
engagement rings that weren’t actually
made by Tiffany and Co but reportedly
misled many customers to think they were
you think you’re buying into a branded
any fine it is a red number for the
first store was a converted airplane
hangar unlike with some other big-name
companies the history of Costco is an a
tale that’s been drilled into the public
consciousness Isle of Casco the earliest
iteration of this business price Club
opened up in 1976 and was the first
store of its kind the initial concept
was to cater to small businesses but the
creatures quickly realized that they
could increase their profits
exponentially by serving the general
public as well the first store was
located on Marina Boulevard in San Diego
California
in buildings that previously functioned
as an airplane hangar stores today
continue to be modeled in the same
fashion albeit in traditional warehouses
without the high-flying legacy number 3
the company sells 157,000 rotisserie
chickens every day
and loses money you do this for me right
now I’m gonna I I will buy you a Costco
rotisserie chicken so well Costco has
had a few landmark items on its shelves
there is arguably none more beloved than
their rotisserie chicken whatever
wholesale company can post a fan page
with over 10,000 followers the prices
remained unchanged for years $4.99 US
dollars which is actually below cusco’s
price per unit all said and done these
chickens lose Costco 30 to 40 million
dollars per year so why not raise the
price because it’s one of the few items
that keeps customers coming back and
honestly have you ever left Costco with
only a roast in your cart oh sorry
that’s that’s me that’s another fun fact
Costco sells more hot dogs than every
major baseball stadium combined number
two you can buy some crazy stuff there
oh they got a great deal on pianos if
you buy a 4-pack meg help me get these
down when you’re making your way down
the Costco aisles you’ve likely had more
than one or two items that catch your
eye can make you do a double-take and
while there may be some interesting
stuff on warehouse shelves the products
they sell on their website are even more
broadly ranging oh my god amazing yeah
one of the more extreme things available
for purchase is the emergency cube which
contains 30 1,500 servings of
freeze-dried and dehydrated food for
end-of-days type situations they also
sell things for every stage in life
including caskets and you can literally
buy everything you need from birth to
death oh my god number one they pay
their employees really well Costco has
been widely praised for their treatment
of employees but not everyone realizes
just how great it is to work at Costco
the CEO believes in offering a living
wage so employees starts at $11 fifty an
hour
as of 2013 that’s significantly higher
than the national minimum wage of $7.25
and on average employees actually make
much more than that
with the median wage being $21 an hour
but at our company we recognize that job
creation requires time
investment and commitment to the
long-term the majority of the company’s
employees also receive benefits packages
Costco’s competitors don’t come close to
offering anything similar with Sands
Club paying on average 42% less they
also tend to hire internally and have
been known to reject business school
graduates do you agree with our picks
check out these other great clips from
WatchMojo and subscribe for new videos
every day
[Music]
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