Word: costco
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THOUGHTS ON BEING BILL GATES: "I wonder how many people see me and think, 'Why in the world is Bill Gates pushing a cart at Costco...
...chains--the rapidly evolving face of our country. Even those landmarks of luxury, Malibu, Santa Monica and Hollywood, are merely high class shopping centers with franchises that cater to the very rich. Restoration Hardware, Anthropologie, Pottery Barn and French Connection are just fancified version of their originals--TrueValue Hardware, Costco World Market and the Gap. You can't fool me Los Angeles, I know better. If this is where America is heading, count...
...what's the solution? We must be aware of the cost of both our new warehouse style of capitalism, as embodied by Wal-Mart and Costco, and the revolution in communications technology. Small-town America no longer exists the way it did when our parents were growing up. You can still find unique places, but they are becoming more and more rare...
...tactics may sound like bullying, retailers do this sort of thing all the time in an effort to get exclusive merchandise or to protect themselves from price wars. Toys "R" Us was already under severe pressure from discounters such as Wal-Mart when the warehouse clubs, led by Costco, started to move in on toys. The Toys "R" Us share of the $30.2 billion industry has fallen from 25.4% in 1990 to 20.5%, while Wal-Mart's has grown from...
...Barbie, a hot seller that Toys "R" Us did not want available elsewhere at next to nothing. Manufacturers don't like the clubs either, because they stock a limited number of items at very low margins. Toys "R" Us, on the other hand, might stock everything Mattel makes. Admits Costco CEO James Sinegal: "You could fill Madison Square Garden with the people who don't want to sell to us." Industry watchers say the FTC may be sending a message to other retailers whose market power exceeds their market share. "It's a warning shot across the bow," says Isaac...