Costco feels energy crunch

All the news of Costco is how they take care of their employees. However, how they treat their vendors is totally oppposite. We did trucking for them and all they want to do is cut rates, and it has become impossible to make profit by doing business with them. Unlike great companies that partners with vendors, Costco managers engage in business practices that enable only for them to survive and prosper. I will never shop at Costco ever again.

Wenchypoo,

My girlfriend gets per perscription filled at Costco without using insurance for less than she did at the regular drugstore with the insurance copay….

That alone pays back the $50 a year.

Wow! $1 Billion for a stock buyback.

It would be much better for Costco (and its stockholders) if they used that $1 Billion to invest in an Energy Efficiency program.

The rooftops of their big box stores is large enough to put solar panels on them to power their air conditioning and lighting.

For other energy saving ideas, Costco could look at what Walmart stores have done to reduce energy costs and become more green environmentally.

Costco is hurting because it doesn’t consistently carry the items and keeps raising prices so that it doesn’t share the profits from wholesales with its customers. I now shop Costco once a month rather than once a week I did before.

I just did a walking tour and price comparison of my area Costco, BJ’s, and Sam’s Club, and I don’t understand what all the Costco hype is about…while there, I observed that 2/3 of the store is devoted to furniture, auto, and hardware items. While comparing food prices per unit, I only found about 6 things that were cheaper than any other store–NOT a good reason to spend $50/year. Also, their pharmacy is not the bargain that is being touted–I can get diabetic supplies (generic) for about half (at Sam’s) what Costco charges…IF they have the supplies at all.

Is it any surprise their earnings are falling? Not to me. Sam’s has cheap gas too, and BJ’s doesn’t even have pumps or a pharmacy here. For me, Sam’s does it: much more than 5 or 6 items cheaper per unit price, gas pumps, and a REAL pharmacy with generic diabetic supplies.

And Wall St. keeps giving Costco their attention–have they even BEEN INSIDE a Costco? I think not! Casual observance of their stock does NOT make for a good store to shop in.