Episode notes
A.B. Ridgeway delves into the recent changes in Costco's food court policy and its implications for both members and non-members. As Costco tightens its membership requirements to access food court deals, A.B. explores the economic reasoning behind this decision and its potential impact on consumers.
Key Takeaways:
- Costco's Membership Strategy: A.B. outlines Costco's strategy of using the food court as a "loss leader" to attract customers, emphasizing the importance of membership fees to the company's profitability.
- Impact on Consumer Behavior: The episode explores how changes in Costco's food court policy may influence consumer spending habits and perceptions of value, particularly for non-members accustomed to accessing low-cost meals.
- Economic Rationali ...
Keywords
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