Costco is one of the most beloved brands in America, celebrated by customers and employees alike.
a year in costs by not advertising, allowing the company to reinvest that money in slashing prices. This strategy has allowed Costco to keep prices extremely low, often undercutting the competition.
"In the same way we offer a no-frills shopping experience in a warehouse environment, choosing not to staff departments that aren't critical to our day-to-day business is one more way we're able to keep prices low and pass on savings to Costco members," one of these Costco representatives said in a statement.For comparison, the average markup at Walmart is 24%. Supermarkets mark up prices by 30% on average, and Home Depot and Lowe's boost prices by an average of 35%.
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