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Havish Gupta

Figuring Out • 1y

How Costco's Membership-Only Model Works So Costco is the 2nd largest supermarket in the world, operating 870+ stores globally. What's different in Costco is that to shop in their stores, you need to buy their membership (available for $60-$120 annually). And since Costco is getting a healthy amount from customers, they can sell sell their goods at dirt cheap price and still make a profit. Less prices is what attracts customers to shop from them. Thus, Costco got an impressive 25% market share in USA. Last yeat They achieved a $240B in revenue with $8B in profit (compared to Walmart's $16B profit). So Do you think this model will work in India?

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I'm still wondering why Cult Fits own venture eat fit is taken down their physical stores even in Bengaluru. Usually their stores were near to their gym.

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check this idea : connecting local shop owners to the people in locality and ordering items which deliver same day with reasonable rates which give profit to users nd shop owners

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