Tuesday, July 21, 2009

Costco arrives in Australia


And gives us a heads up on how they intend to make money. Via The Age.
''We operate with low margins and with our membership fees, we can sustain low margins,'' Australian Managing Director Patrick Noone said in an interview. ''Lower prices are important because people shop with us to get value.''

Folks I know in the States speak highly of Costco. Let's see how they go about it here.

Photo credit: Flickr user brewbooks. Used under Creative Commons licence

No comments: