Costco, the beloved wholesale retailer, has a loyal customer base for many reasons. Whether you’re a seasoned shopper or a new member, here are seven insider secrets that can enhance your shopping experience, shared by Kim, a resident Costco expert, in a Today's Parent YouTube video.
The first topic of discussion is the low markup. One of the reasons Costco is so popular is its pricing strategy. Unlike most retail stores, which typically mark up items by about 50%, Costco’s markup is capped at 14%. This means if an item costs $10 at Costco, the store likely paid around $8.60 for it. This minimal markup is why Costco can offer such competitive prices on a wide range of products.
Second, is no aisle signs. Have you ever noticed the absence of aisle signs in Costco? This is intentional. Costco wants shoppers to wander and discover new products, adding to the "thrill of the hunt." By not having aisle signs, the store also avoids the hassle of constantly updating them because items are frequently moved around.
Third, look for the 7s! When shopping at Costco, keep an eye on prices ending in 7. If you see a product priced at, say, $9.97, you’re looking at a heavily discounted item. These markdowns indicate that Costco is trying to clear out inventory, making it a great opportunity for savvy shoppers to snag a bargain.
Fourth is fewer items. Compared to other stores of similar size, Costco carries fewer items. This selective stocking approach helps keep labor costs low and ensures that only carefully curated products are on the shelves. This curation means you’re getting quality over quantity, simplifying your shopping decisions.
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Five is the famous $1.50 lunch. One of Costco’s most beloved deals is the $1.50 hot dog and soda combo. Despite inflation and changing market prices, Costco has maintained this deal for years, making it a staple for members seeking an affordable and tasty meal.
Six is sample people! Who doesn’t love the free samples at Costco? While the sample folks are there to let you try new products, it’s important to note that they are not Costco employees. They work for third-party companies, so they may not have all the answers to your shopping questions.
And seven is no bags. To keep costs down, Costco doesn’t provide shopping bags. This eco-friendly policy saves money and reduces waste.
To hear more about these secrets, click the video!
