weewillie08.....you are spot on! It's as though COSTCO has decided it wants to TRAIN it's members and cost shouldn't be an issue. I think this will turn out to be the first time Costco has made a meaningful error in it's business plan adjustment looking forward.
Oh well. COSTCO won't be the first or the last to take it's customer base for granted only to learn the hard way that DEMAND comes from customers, not the CEO and some marketing twirps experimenting with their own destiny!
I seriously think the new Leadership at Costco is trying to make it's mark......yet another example of tainted decision process where trying to fix something that is not broken, can come back to bite you in the pants! Remember NEW COKE? This is the NEW COSTCO and the clock is ticking!
Note to COSTCO, people don't shop at your stores EXCLUSIVELY for ORGANIC FOOD. Replacing your wonderful sliced Ham.....believe about 4-5 bucks per pound and typically 8-10 bucks per package if you will....only to see this ham disappear to be replaced by ORGANIC HAM priced in the 13-15 bucks PER POUND range.
Lactose free milk GONE, replaced with ORGANIC 2% milk......not even a CLOSE exchange! Kielbasa replaced with bad links at best! Hersey's Choc syrup GONE.....I mean the number of products SIMPLY GONE combined with those now gone but replaced with HIGH PRICED ORGANIC substitutes IS leading to an increasing number of "SEPARATIONS" which could ultimately lead to a WAVE of member "DIVORCES".
McDonalds comes to mind when I watch COSTCO fall on it's own BUSINESS SWORD of success. McDonalds FORGOT that it was a burger/shake place, with nice fries! This gave birth to it's own competition now popping up on a growing number of street corners ACROSS AMERICA! From In-n-Out to Five Guys to about a half dozen other serious burger players not to mention watching Wendy's steal market share right out in the open!
COSTCO.....do you really want to NEW COKE yourself? I'm filing for a separation and though I am ONE.....I read the faces of my fellow customers (MEMBERS) , searching the shelves in a familiar place where they once filled their carts with your products and while it use to be that you switched the locations, now it is.....YOU'RE OUT OF LUCK Mr Member...we decided not to carry your choice anylonger! Tah Tahhhh!
I watch curiously even though I have watched/heard this SONG play at SEARS, KMART, #$%$ ROBIN (burgers), McDonalds, Pizza Hut, Woolworths, and many, many more....................
Removing a product and replacing it with a much HIGHER PRICED Organic ( that doesn't even look natural) shows ZERO BIZ Know how! Good luck selling that organic ham!
Oh Mandan don't get your panties all bunched up in the wrong place over constructive criticism. I just got back from a trip to both COSTCO and then WINCO.......because of the products DROPPED by Costco..to clear it all up, ORGANIC HAM at my local COSTCO is alittle over 11 bucks a pound...so at WINCO I paid 3.50 bucks...same taste/quality.
If you are a shareholder then my experience should concern you if indeed this is the same experience other COSTCO loyalists are enduring which, I assure you, a growing number are.....noticing the shift, the cost.....etc.
Second, Stock Prices USE TO REFLECT anticipated growth etc. I think it's fair to say NFLX has a monopoly with it's content and pricing thus, expansion overseas should bring in much higher revs. Not to mention the likelihood that there will soon be players who are essrentially going to be forced to pick a PARENT PROVIDER if you will or be left by the wayside.
Meaning, such popular peripheral entities such the the Hist/Disc/NatGeo/Smith/ and several other very popular educational type channels, popular with the boomers and really everyone as they mature and begin to gray....will want to find a team roster they can join!
Mr Einhorn has hit many homeruns over the years but even in the PROs, ...EVERYONE strikes out at least once inawhile! Heck a 300 batting average lands you in the MLB Hall of Fame! That's 3 out of ten or......GULP...a 30% success rate!
Mr Einhorn......despite your wishes, YOU are not the markets. Yes you have influenced markets before, as have your cronies......but you don't fight the tape...perhaps the OLDEST CLICHE aimed at NOT DOING what you are complaining about! Fighting the NFLX tape. FWIW...IMHO...
zer.....I assure you EVERY POST on this board is read by a Costco Employee probably in marketing tasked with mining for feedback on any and all issues dealing with Costco. Whether or not our posts carry influence other than perhaps "..the natives are getting restless..." so to speak, over these subtle and less subtle changes remains to be seen. My store had re-stocked herseys syrup and a couple other items I had noticed absent but this might be a result of a 4th July run and a somehow delayed re-supply.
Or it could be something as simple as the Washighton State STALIN like 1% inventory tax time where any and all inventory is added up and Wa St businesses get to send Olympia a check. Use to be just Jan each year......must be bi-annual or something now. Or at least that's my thought on the matter!
sarcasticon.......ever hear of someone being denied a job or worse, being fird from a job for the things they post on some social site......like say facebook? Of course you have......don't think for minute that someone at COSTCO isn't screening te Yahoo Finance pag for feedback, complaints, compliments,ideas, etc., etc.
Contacting accompany seldom gets much attention besides,when others provide a thumbs up or down, the company also gets a feel for how widespread or, irrelevant the issue at hand is..........I like COSTCO....I go there frequently in fact it was my priority store...others if need be....it is now kid of on par with a local regional called Winco as far as my wallet usage!
AT any rate, tele-jockies seem to do little more than take the callers info. and ;log down the complaint or suggestion AND...it is a membership is it not? I suppose COSTCO could label a caller disruptive or a threat or a malcontent who might spread ill will amongst others...and end said membership for the gal or guy calling in! Or it surely seems possible these days with all the PC winds crossing our plain in every different direction across the US !
It seems BAC is out of the woods, the scorched earth lackluster performance of this company/stock after MANY years of pain.....broken promises.......etc., etc.
Please tell me BAC that the bank and Merrill are worth ONLY 18 bucks? What? What's that? Well OPEN the darn barn door and let those HORSES RUN!
YOU have HURT a lot of people....it is WAY PAST TIME to rectify this now "...get her done..." !!!!
" We have 24 hrs to fix your cable problem...".....before any reimbursement is allowed AND, the customer has to call in requesting such.
Welcome to CHTRs new lower level of service and the obvious lowering of expectations on the part of CHTR in hopes they can also lower the expectations of their own customers.
Hmmmmmm........it sure seems feasible......in fact it makes absolute sense if indeed AAPL has ambitions of entering the AUTO sector in a meaningful way......with a classic auto name.....cheap....WAY TOO cheap stock price.......and AAPL could propel itself into the Auto sector as an immediate impact player.......between the MUSTANG and the F150..........alone, AAPL/F..............would MOVE the entire industry! Hmmmmmmmm I mean I have to wonder why AAPL recently hired a former Auto Exec........oh well.....stranger things have happened!
Who is selling? DUH...traders trying to cause a storm only to cover before Ex-Div...shaking Mom-n-Pop from the AAPL tree.......AAPL will be up tomorrow if the latest Monday sell-off Tuesday rebound and then some continues.......truly a traders market and truly a trader created market IMHO........of course one can SHORT AAPL and pay a .52 DIV here real soon!
Oh and the talking/barking heads on TV sure love to help perpetuate such moves through the constant dribble of BS only to wake up the next day with a different tune! LMAO! AUTO sales are UP and away and gee, anyone think smartphone sales are going to be up too!? I mean this lunacy of a trader created sell-off is so predictable it seriously begs the question of market manipulation.
OOPS! They are doing so already........regarding AAPL no longer being #1 in China...well it is a tug of war over there and it will go back and forth as it already has!
Traders caused this sell-off.....they are shaking Mom N Pop from the AAPL tree and taking the money left on the table...........but uh oh! Guess what!!!????
EX-DIV is right around the corner...and the SHORTS HATE paying out a DIV......see nice price recovery by Friday....to low 120's IMHO..............
Nice earnings, nice forecast......would not want to be SHORT......someone out there has got to asking themselves what they were thinking when they went short IMHO......
Merger may have led in sorts, to yesterdays FDIC parting of ways and associated costs.
Footprint.....right now, I'll take a larger footprint as long as it does no harm.......besides, the real reward for the entire industry is an increase in rates which may be as soon as next month. Not a large increase but a rational, paced.....increase but HOPEFULLY NOT MERELY for the sake of appearance, Please FED!
and I want more bang for my buck......oh and SHORTs.....thanks for paying the DIV! LMAO!
AAPL, way oversold, China issue way overblown......traders grateful for trumped up volatility otherwise, even more HEDGIES would be headed toward implosion from this BULL market which continues after those fearing their own shadow move into CDs and MMs paying ZIPoid! All IMHO......later !
As you dolts pointed out, losses from sub-prime auto sales have gone down consistently over the last 5-6 years. There is a reason for that and you totally ignored at least a couple dynamics. First, folks who lost there homes/jobs/etc. learned a very important lesson.....one of many I am sure, and that is, YOU NEED TRANSPORTATION. What has helped this mood? These folks are in recovery mode, many now rent and are just now starting to stick their toe in the water to test home ownership once again.
Add to this wave of folks, the retiring boomers who are finally buying that car they always wanted.......as well as many sizing down and wanting sporty yet economical. Now add in Millenial's and there are 3 very strong groups/demographics/econo-recovery interests buying into auto's.
Forget auto industry lessons learned! RIIIIGGGHHHHHTTTTT....! Subprime lending today does not mean ANYONE an go buy a car..........unlike the mortgage give away of years ago that led to the economic debacle fused by the CRA (community reinvestment act) where no means of proving income was the final blow to the industry.......the auto industry has tighter requirements......second, keeping the financing IN HOUSE is the CHEPAEST and hence the most PROFITABLE way to finance auto sales! Do a few get through that YOUR BANK would not finance, sure, but it's not like a repossessed auto can not be resold! Lets assume F sells a new F150 for 40k......lets assume a 5k profit...NO? Okay a 3k profit so nothing down leaves a 42k customer liability. Cust drives and pays for 3 years...on a 5 year loan......how much has been paid off? Over half. Lets assume a dozen payments have been missed......accrual is in house to I is written off I ASSUME. However it is used to repossess the truck which is now three years old....and sold in the secondary market for over half the original value which exceeds the balance due.
A lot of assumptions above but you get my drift. WS 24/7, your in depth research is lacking IMHO
China shipping BUICKs back to the US should be enough of a wake-up call for UNIONS and their inefficiencies, costs, and greed which has GIVEN BIRTH to International competition! LMAO!
If there is a UNION THUG anywhere who is in Union Leadership, that can read a balance sheet, balance a checkbook, and WANT to run the business they are affiliated with at a PROFIT...then please have him/her step forward............CRICKETS.........crickets.........crickets.......and dead or dying UNIONs as a result of BENEFITS GREED............lack of understanding HOW to run a business at a profit.
Tell ya what you Union Y-a-whos....go ahead and start your own version of Walmart, McDonalds, and of the Auto makers.......or for that matter, any business and lets see how long you last!
Unions suffer from DAS..........or Dumb "A" syndrome.
Not UNION LABOR......at least not most.............most are hard working but if they want to make it in the UNIONs, they can not work too hard or too fast........they are taught to MILK each job they get. Shame on all of you........................at least try tio understand what happens TO YOU after your costs destroy the company you work for...........
Target just got something NO ONE is talking about........DRONE dist. points! You see as DRONES figure into product delivery, EVERY CVS ROOF can be modified such that a DRONE DELIVERY can occur. OOPS........it's coming!
I posted , a few years ago, when BestBuy was dying on the vine, that AMZN should buy them....if for nothing else, for DISTRIBUTION points nationwide. But hey, why not let a competitor live to compete more and more, right AMZN?
I am now suggesting WMT...BestBuy...and a list of others...should consider the ramifications of expanding their product lines by purchasing RAD. Not only can someone ENTER the pharmacy zone on the cheap, they can immediately broaden their customer base as well as future would be DRONE dist. points via every roof top RAD has to offer!
A retailer that is able to deliver small products to a RAD site simplifies the customer transaction by delivering to a neighborhood location closer, to it's customers, future customers etc. This would become a what's it called, symbiotic relationship RAD would have reason to expand it's locations etc., and purchasing retailer would be accessing customers who might not otherwise be MOBLIE enough to visit stores etc. Thus, reinforcing ONLINE retail operations. Ummm, we sure have to remember that my generation, the BOOMERS will become less mobile each and every year, for the next 2 decades and beyond.
The cost to otherwise establish a DRONE landing/delivery infrastructure will become cost prohibitive as accidents /incidents occur and drive improvements/regulations/ and thus growing costs to build such as well as operate.
But hey, maybe RAD will be absorbed by Walgreens or even CVS! WHo knows...but one thing seems certain, as RAD continues it's turn around, it's price tag goes up each and every month that same store sales show improvement as.......they have for quite sometime now. GULP! Any potential buyers had better "....get on their horse...." so to speak !
From the early days when Sears was essentially the only game in town or via catalogue, all the way to the early 1970's when the US Gov't FORCED a quota system on Sears hiring. From that point forward, it sems the US Gov't had way too much to say about how this giant retailer operated and as always, virtually anything the Gov't touches turn to...you know what.
However, Sears Ldrshp holds blame as well. Failing to adjust to rising competition, the US watched WALMART begin to fill every crack Sears provided in its failure to adjust from a true catalogue operation to a retail focused dist. network. Sears was happy to have the big stand alone stores.......complimented by Mall co-locations. However, PRICE became an issue as specialty stores popped up everywhere. Where once a shopper could find everything they wanted at Sears...they could now shop at for instance a SHOE STORE...discount shoe store.....mail order shoe store, you get the idea.
However the real nail in the coffin so to speak was the advent of the INTERNET and the BIRTH of AMAZON and now others striving to survive, such as Best Buy for instance. One would have thought a hedge fun guy would have immediately recognized the Amazon Business Model and adopted internet sales IMMEDIATELY but no, Sears was content with the real estate they owned. Oops.
A lot of people made their careers at Sears, their Family's grew up going to Sears......better put, Sears had a huge impact on our nation and the many folks who worked/shopped there. There is no good reason Sears has dried on the vine as it has except for current leadership that REFUSED to adapt and adopt.
Sad as it is, this may well be the very last Christmas for Sears......thanks to the LOSER that runs the show. Remember Eddie....when Sears goes to the Smithsonian, your name will be mentioned as the pilot that flew Sears into history as little more than a memory and just another statistic. IMHO.