Costco really stands out to me, almost like a direct rival to Amazon. The way Costco runs its business seems so straightforward, almost to the point where it feels like anyone could replicate it. They focus on getting the best products at the best prices, which means they often sacrifice having a wide variety in their stores.
But this simplicity in choice actually improves the shopping experience. At Costco, you don’t second-guess the prices, which builds their trust with customers. Their approach is really about sticking to their core values, avoiding the temptation to diversify too quickly.
Even though some people see Costco as unchanging, they’re actually quite dynamic, constantly experimenting with new distribution methods. Take 'Costco Next' for example; they’ve moved into online business while staying true to their brand, selectively choosing products and ensuring good prices.
It's crucial for businesses to have strong core values. Look at Dangeun, turning a profit recently because of its strong foundation. And I think Reddit has this kind of strength too. I always end up on Reddit when I need reliable info, which shows it has a solid core value system. I’m really hoping this continues, especially with their recent IPO.
https://www.cnbc.com/2024/03/28/reddit-shares-on-a-two-day-tumble-after-post-ipo-high.html
Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.
www.cnbc.com
https://www.businessinsider.com/what-is-costco-next-how-to-save-money-for-free
Costco Next is the chain's best-kept secret that's free for members. I've already saved thousands of dollars using it.
Costco members get free access to Costco Next, a service with money-saving deals on big brands such as Viking cookware and Travelpro luggage.
www.businessinsider.com