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this post was submitted on 25 Oct 2023
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Wow I must have totally spaced there, thanks for catching that! As I note in an above reply Amazon probably makes my top 5 most hated companies, I absolutely 100% do not shop there or use it, I can't believe I missed that on my list, my apologies.
I did not know that their only profit is on their subscriptions, and I'll look into that as I'm doubtful of that (I could be wrong though!) Thanks for the info there, but I still fundamentally take issue with subscription based models, as well as other issues I note in replies above with them like business displacement, bad personal experiences, and the urban sprawl they create. Again I'll reiterate that no company is outright good or bad, and Costco is definitely pretty low on my bad list (perhaps deserving of being viewed more neutrally by me), the general view definitely seems to vary from mine so perhaps it's worth reassessing.
As to your notes on Amazon again, I 100%, utterly, could not agree more, I just apparently missed them on my list and have since edited them in! Definitely an awful awful company, it astounds me furthermore how virtually everyone is unanimous on this, but nonetheless virtually everyone seems to use them anyways. Some others in the comments swayed my views on Hyundai to change, but I believe my views on Costco stand, based on the replies of some others, it seems the policies of Costco vary somewhat where I live vs. other countries (e.g., using bouncers instead of machines at the door, disallowing people from using even the food court without a card, etc.) so that might factor into why my views on them are different. Thanks for your input, I'll be looking into Costco more about their profit model!
Last minute addition: I did a bit of looking and it seems we're both partially right, while Costco offers some items at cost or at a loss, they do indeed turn a profit off of actual sales in store(again, perhaps this is different by country, and might not be the case where you live?), as well as membership fees, and profit margins on eCommerce sales as well.