this members only wholesale chain is an essential grocery shopping stop for many
essential grocery shopping stop for many
essential grocery shopping stop for many Americans but how much do you really
Americans but how much do you really
Americans but how much do you really know about it
know about it
know about it welcome to watchmojo.com and today we’re
welcome to watchmojo.com and today we’re
welcome to watchmojo.com and today we’re counting down our picks for the top 5
counting down our picks for the top 5
counting down our picks for the top 5 things you didn’t know about Costco
things you didn’t know about Costco
things you didn’t know about Costco before we begin we publish new videos
before we begin we publish new videos
before we begin we publish new videos every day so be sure to subscribe for
every day so be sure to subscribe for
every day so be sure to subscribe for more great content come along as we go
more great content come along as we go
more great content come along as we go behind the scenes to see how this hugely
behind the scenes to see how this hugely
behind the scenes to see how this hugely successful business functions and
successful business functions and
successful business functions and explore the history of this corporation
but you gotta buy a cooler to die Terry
but you gotta buy a cooler to die Terry get you
get you
get you number 5 Costco has had conflict with
number 5 Costco has had conflict with
number 5 Costco has had conflict with some big-name brands these pictures
some big-name brands these pictures
some big-name brands these pictures allegedly show Tiffany knockoffs inside
allegedly show Tiffany knockoffs inside
allegedly show Tiffany knockoffs inside a California Costco as Costco stopped
a California Costco as Costco stopped
a California Costco as Costco stopped carrying a favorite product of yours
carrying a favorite product of yours
carrying a favorite product of yours while this happens it all stores Costco
while this happens it all stores Costco
while this happens it all stores Costco is known to hold its retail partners to
is known to hold its retail partners to
is known to hold its retail partners to a particularly high standard and is
a particularly high standard and is
a particularly high standard and is given a few companies the boots over the
given a few companies the boots over the
given a few companies the boots over the years back in 2009 the retail giant
years back in 2009 the retail giant
years back in 2009 the retail giant temporarily took all products made by
temporarily took all products made by
temporarily took all products made by coca-cola off their shelves after a
coca-cola off their shelves after a
coca-cola off their shelves after a disagreement over pricing they are a
disagreement over pricing they are a
disagreement over pricing they are a similar conflict with Starbucks when the
similar conflict with Starbucks when the
similar conflict with Starbucks when the coffee chain failed to disclose a price
coffee chain failed to disclose a price
coffee chain failed to disclose a price change in their coffee beans that being
change in their coffee beans that being
change in their coffee beans that being said Costco has also been on the other
said Costco has also been on the other
said Costco has also been on the other side of things like in 2013 when they
side of things like in 2013 when they
side of things like in 2013 when they faced a lawsuit for selling Tiffany
faced a lawsuit for selling Tiffany
faced a lawsuit for selling Tiffany engagement rings that weren’t actually
engagement rings that weren’t actually
engagement rings that weren’t actually made by Tiffany and Co but reportedly
made by Tiffany and Co but reportedly
made by Tiffany and Co but reportedly misled many customers to think they were
misled many customers to think they were
misled many customers to think they were you think you’re buying into a branded
you think you’re buying into a branded
you think you’re buying into a branded any fine it is a red number for the
any fine it is a red number for the
any fine it is a red number for the first store was a converted airplane
first store was a converted airplane
first store was a converted airplane hangar unlike with some other big-name
hangar unlike with some other big-name
hangar unlike with some other big-name companies the history of Costco is an a
companies the history of Costco is an a
companies the history of Costco is an a tale that’s been drilled into the public
tale that’s been drilled into the public
tale that’s been drilled into the public consciousness Isle of Casco the earliest
consciousness Isle of Casco the earliest
consciousness Isle of Casco the earliest iteration of this business price Club
iteration of this business price Club
iteration of this business price Club opened up in 1976 and was the first
opened up in 1976 and was the first
opened up in 1976 and was the first store of its kind the initial concept
store of its kind the initial concept
store of its kind the initial concept was to cater to small businesses but the
was to cater to small businesses but the
was to cater to small businesses but the creatures quickly realized that they
creatures quickly realized that they
creatures quickly realized that they could increase their profits
could increase their profits
could increase their profits exponentially by serving the general
exponentially by serving the general
exponentially by serving the general public as well the first store was
public as well the first store was
public as well the first store was located on Marina Boulevard in San Diego
located on Marina Boulevard in San Diego
located on Marina Boulevard in San Diego California
California
California in buildings that previously functioned
in buildings that previously functioned
in buildings that previously functioned as an airplane hangar stores today
as an airplane hangar stores today
as an airplane hangar stores today continue to be modeled in the same
continue to be modeled in the same
continue to be modeled in the same fashion albeit in traditional warehouses
fashion albeit in traditional warehouses
fashion albeit in traditional warehouses without the high-flying legacy number 3
without the high-flying legacy number 3
without the high-flying legacy number 3 the company sells 157,000 rotisserie
the company sells 157,000 rotisserie
the company sells 157,000 rotisserie chickens every day
chickens every day
chickens every day and loses money you do this for me right
and loses money you do this for me right
and loses money you do this for me right now I’m gonna I I will buy you a Costco
now I’m gonna I I will buy you a Costco
now I’m gonna I I will buy you a Costco rotisserie chicken so well Costco has
rotisserie chicken so well Costco has
rotisserie chicken so well Costco has had a few landmark items on its shelves
had a few landmark items on its shelves
had a few landmark items on its shelves there is arguably none more beloved than
there is arguably none more beloved than
there is arguably none more beloved than their rotisserie chicken whatever
their rotisserie chicken whatever
their rotisserie chicken whatever wholesale company can post a fan page
wholesale company can post a fan page
wholesale company can post a fan page with over 10,000 followers the prices
with over 10,000 followers the prices
with over 10,000 followers the prices remained unchanged for years $4.99 US
remained unchanged for years $4.99 US
remained unchanged for years $4.99 US dollars which is actually below cusco’s
dollars which is actually below cusco’s
dollars which is actually below cusco’s price per unit all said and done these
price per unit all said and done these
price per unit all said and done these chickens lose Costco 30 to 40 million
chickens lose Costco 30 to 40 million
chickens lose Costco 30 to 40 million dollars per year so why not raise the
dollars per year so why not raise the
dollars per year so why not raise the price because it’s one of the few items
price because it’s one of the few items
price because it’s one of the few items that keeps customers coming back and
that keeps customers coming back and
that keeps customers coming back and honestly have you ever left Costco with
honestly have you ever left Costco with
honestly have you ever left Costco with only a roast in your cart oh sorry
only a roast in your cart oh sorry
only a roast in your cart oh sorry that’s that’s me that’s another fun fact
that’s that’s me that’s another fun fact
that’s that’s me that’s another fun fact Costco sells more hot dogs than every
Costco sells more hot dogs than every
Costco sells more hot dogs than every major baseball stadium combined number
major baseball stadium combined number
major baseball stadium combined number two you can buy some crazy stuff there
two you can buy some crazy stuff there
two you can buy some crazy stuff there oh they got a great deal on pianos if
oh they got a great deal on pianos if
oh they got a great deal on pianos if you buy a 4-pack meg help me get these
you buy a 4-pack meg help me get these
you buy a 4-pack meg help me get these down when you’re making your way down
down when you’re making your way down
down when you’re making your way down the Costco aisles you’ve likely had more
the Costco aisles you’ve likely had more
the Costco aisles you’ve likely had more than one or two items that catch your
than one or two items that catch your
than one or two items that catch your eye can make you do a double-take and
eye can make you do a double-take and
eye can make you do a double-take and while there may be some interesting
while there may be some interesting
while there may be some interesting stuff on warehouse shelves the products
stuff on warehouse shelves the products
stuff on warehouse shelves the products they sell on their website are even more
they sell on their website are even more
they sell on their website are even more broadly ranging oh my god amazing yeah
broadly ranging oh my god amazing yeah
broadly ranging oh my god amazing yeah one of the more extreme things available
one of the more extreme things available
one of the more extreme things available for purchase is the emergency cube which
for purchase is the emergency cube which
for purchase is the emergency cube which contains 30 1,500 servings of
contains 30 1,500 servings of
contains 30 1,500 servings of freeze-dried and dehydrated food for
freeze-dried and dehydrated food for
freeze-dried and dehydrated food for end-of-days type situations they also
end-of-days type situations they also
end-of-days type situations they also sell things for every stage in life
sell things for every stage in life
sell things for every stage in life including caskets and you can literally
including caskets and you can literally
including caskets and you can literally buy everything you need from birth to
buy everything you need from birth to
buy everything you need from birth to death oh my god number one they pay
death oh my god number one they pay
death oh my god number one they pay their employees really well Costco has
their employees really well Costco has
their employees really well Costco has been widely praised for their treatment
been widely praised for their treatment
been widely praised for their treatment of employees but not everyone realizes
of employees but not everyone realizes
of employees but not everyone realizes just how great it is to work at Costco
just how great it is to work at Costco
just how great it is to work at Costco the CEO believes in offering a living
the CEO believes in offering a living
the CEO believes in offering a living wage so employees starts at $11 fifty an
wage so employees starts at $11 fifty an
wage so employees starts at $11 fifty an hour
hour
hour as of 2013 that’s significantly higher
as of 2013 that’s significantly higher
as of 2013 that’s significantly higher than the national minimum wage of $7.25
than the national minimum wage of $7.25
than the national minimum wage of $7.25 and on average employees actually make
and on average employees actually make
and on average employees actually make much more than that
much more than that
much more than that with the median wage being $21 an hour
with the median wage being $21 an hour
with the median wage being $21 an hour but at our company we recognize that job
but at our company we recognize that job
but at our company we recognize that job creation requires time
creation requires time
creation requires time investment and commitment to the
investment and commitment to the
investment and commitment to the long-term the majority of the company’s
long-term the majority of the company’s
long-term the majority of the company’s employees also receive benefits packages
employees also receive benefits packages
employees also receive benefits packages Costco’s competitors don’t come close to
Costco’s competitors don’t come close to
Costco’s competitors don’t come close to offering anything similar with Sands
offering anything similar with Sands
offering anything similar with Sands Club paying on average 42% less they
Club paying on average 42% less they
Club paying on average 42% less they also tend to hire internally and have
also tend to hire internally and have
also tend to hire internally and have been known to reject business school
been known to reject business school
been known to reject business school graduates do you agree with our picks
graduates do you agree with our picks
graduates do you agree with our picks check out these other great clips from
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