QUOTE(bondiguy @ Oct 17 2007, 10:34 PM)
So there is this massive chain originating from the USA looking to open up outlets in Australia and I think they are called CostCo???
There has been mixed reaction as we generally don't have these one stop shop, monster outlets in Australia and I was just wondering what their story is? Are the good? Are the value for money? What do they sell? etc...
Costco is a pretty good place. We have one here. It is like a Wal-Mart but different. Where Wal-Mart is just about the lowest prices, Costco is more about, really good quality and lower prices. You have to buy a membership to shop there. It is about $50 a year(not sure as I get one through work). They sell mostly in bulk. You can't just go in and buy a can of soup, you have to buty 3 or a big ass one. It's good for families. Also they sell electronics, furniture, fitness equip, toys, books, magazines, electronics, jewellry, tires and on and on. They don't really sell cheap stuff(low quality). Most products are name brand or their house brand, Kirkland. MOST stuff is cheaper than in other stores but you still have to be careful as some stuff is the same price or higher than you can find elsewhere.
They have REALLY good meat, and high quality produce and grocery items.
They have a decent selection of electronics as well. It's not the very top of the line, but you're not going to find Sorny or knock off brands, it's all Panasonic, Sony, Apple, etc.
The only real problem is that you go in for a few things and you come out with a $200 bill, no exaggerating! I still don't know what I'm gonna do with 12 pounds of nutmeg

QUOTE(paybarraman @ Oct 18 2007, 12:43 AM)
Can't say I know alot about Costco. The stores are mainly in the south/central part of the US. WHat I DO know is the CEO uses a pretty interesting business model. He actually believes his employees should be paid what they're worth, that they should be valued and rewarded for success. The company has one of, if not the lowest, employee turn-over rates in the US. Most of his middle and upper management people started out working in the stores themselves. He actually is a regular site on the floor of the store near the corporate offices and actually knows many of the floor staff by name. And for me here's the kicker, this guy, as the CEO of a multi-million a year annual profits company only takes a $65-$75,000 USD a year salary. He has no corporate jet or any of that shit.
Google up the comapny Bondi and you may find more than that. I just put down what I knew off the top of my head from one of the "NBC Dateline" type primetime news programs.
it's true, they treat their employees really well. Here they aren't even open on civic holidays and you go in and see the same employees month after month. They pay pretty well.
QUOTE(bondiguy @ Oct 18 2007, 12:49 AM)
Sounds pretty interesting. I am not sure of the time line but I am pretty sure they will be opening stores in Australia with Sydney and Melbourne likely to be among the first I presume.
I'll google em.. my main thought was do they sell liquor?
You can't sell liquour in department stores here, but maybe in Aus.
QUOTE(paybarraman @ Oct 18 2007, 01:07 AM)
No real catch per se....Just the combination of bulk sales and repeat business. Plus, here in the US there is the consumer that looks for the All-In-One stop shop. Also, and I'm not real sure here, but you need to understand you're not getting the high profile name brand items.
Stores like Costco and WalMart are marketing for the low to middle-low income homes.
They sell lots of name brands at ours.
QUOTE(bondiguy @ Oct 18 2007, 05:22 AM)
The TV's on their website were Sony Bravia, Samsung etc which are decent brands?
You have to understand how completely foreign it is to me to go to a place, buy some butter, a television and get my tires changed all in the one store!

Do you guys even have Wal-mart?
QUOTE(bondiguy @ Oct 18 2007, 06:04 AM)
They have McDonals inside too???
I think I said this somewhere but when I was in Dallas airport earlier this year between connecting flights I was in need of some junk food to help with a hangover so I got some Maccas (Slang for McDonalds).
I didn't think I could stomach much so I asked for a small meal and the lady came out with the most chips (fries) I have ever seen and like this massive coke. When I said I asked for a small, she said that WAS small!!! Equivalent to our largest size
Most Wal-marts have McD's inside Costco has it's own restaurant.
We're in the middle as far as sizes, our largest size is America's medium.
I think that's the problem with the US obesity problem. Not to say in Canada we don't have a problem. There are some FAT fuckers here too, but our rates aren't quite as high. I don't think we as a whole are eating any better. People around the world like to eat crap haha. The problem is that the establishments keep upping the portion sizes to ridiculous levels. After awhile, a giant size fries and drink start to look normal if that's all anyone serves. And how do you reverse the trend. Serve less? Then you look like you're ripping off the customer.
Well I don't know what that has to do with Costco or Australia for that matter, but umm, it's the most coherent thing I've typed all day.