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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (704171)	3/14/2013 1:43:48 AM
From: tejek	1 Recommendation Read Replies (2) \| Respond to of 1576956

While Wal-Mart experienced February sales that were considered, “total disaster,” Costco’s earnings for the second quarter of the year climbed 39%. The New York Times reported, “Costco Wholesale’s net income for its second quarter climbed 39 percent as it pulled in more money from membership fees, sales improved and it recorded a large tax benefit.” Right. They collect the subscription fees a year at a time whether they sell anything or not. But they also have to deal with churn since the subscriptions are the only profit they make. If they have decent subscriptions in July, subs can drop like a rock in February and it will not even be noticed. It is a great company, but it will never be Walmart. Ever. Walmart doesn't stand a chance. Trust.

To: i-node who wrote (704171)	3/14/2013 10:22:31 AM
From: Alighieri	Read Replies (1) \| Respond to of 1576956

Right. They collect the subscription fees a year at a time whether they sell anything or not. But they also have to deal with churn since the subscriptions are the only profit they make. Why does that matter? That's their business model... Al

To: i-node who wrote (704171)	3/14/2013 12:49:09 PM
From: bentway	1 Recommendation Read Replies (3) \| Respond to of 1576956

"But they also have to deal with churn since the subscriptions are the only profit they make." I've never know anyone who got a Costco membership to let it lapse. Everywhere in the US, they have the cheapest gasoline prices around. When people realize this, they don't leave, even if they buy nothing else there. I thank heaven they aren't Walmart! At Costco, every employee has a smile, which is the opposite of Walmart. Everyone looking for a job hopes they can land one at Costco - they'll only take a Walmart job if they can't get one ANYWHERE else.