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Havish Gupta

Stealth • 5m

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?

9 replies8 likes
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Havish Gupta

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Do you think that the Costco model can work in India? For those who don't know, Costco is an American Supermarket chain similar to Walmart and DMart. The Catch is that only those who have purchased Costco Membership can shop there. And since Costco

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Bincy

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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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Rahul Meena

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Creating a mall software where shopkeepers can open their shop and sell their product directly, even customers can buy their product by their nearest shop and they can get tgeir product with in 24 hours how is this idea?

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AjayEdupuganti

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DMART is expanding to every town in every state and district. But day to day people shop a lot in the general stores around. If we collaborate with existing big general stores in the region and get general stores chain under you in every panchayat re

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Yash Rathod

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idea !! Logistics support to deliver product in their local zone for shop owners ? Your thoughts please

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Looks like we can't buy OnePlus phones offline except from their own stores for now atleast in south

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AjayEdupuganti

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Quick commerce mainly serves affluent customers in specific metro areas, where people typically shop at supermarkets Given this, does quick commerce really impact local kirana stores? Or am i missing some consumer section?

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Aditi

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I'm personally not a fan of their services but he really really hit a sweet spot when it came to pricing eye wear in India. Other optical stores made incredibly high margins until lenskart disrupted this. Plus most of their stores are retrofitted wit

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Vaibhav Babruwan Shingde

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• Kirana tech startups in India are struggling to make profits so these startups pivoted to some extent.📈 Pivoted Businesses : 📈🚀 • Helping with Money Management: They offer services to help store owners keep track of their finances and sometime

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Zishan

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looking for a cofounder in Kota, Rajasthan for a startup idea that connects all shop owners with consumers at one platform only for those who willing to contribute their 100% and was ready to give all their efforts

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