News for hackers. Stuff that matters.
Re:Sears has another chance to avoid closing down by cestith on Tuesday January 08, 2019 @03:04PM (#18859119)
Costco actually sells most products at or near cost. Most of their profit is in memberships.

https://www.fool.com/investing/2017/05/05/how-costco-wholesa...

Re:Sears has another chance to avoid closing down by baddox on Tuesday January 08, 2019 @04:04PM (#18859678)
Interesting point, I wouldn't have guess that. Although, it sounds like they would still rather their members buy products, based on this sentence:

> If you examine the company's sales, it brought in $56.59 billion in net sales with a merchandise cost of $50.21 billion and sales expenses of $5.92 billion.

I don't think that sales expenses would vary much depending on how many members were buying products.