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Havish Gupta

Stealth • 7m

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

Replies (9)

Anonymous 1

Stealth • 7m

This is a great model which even d Mart can think about, later

1 replies1 like

Arcane

Stealth • 7m

I think this model would definitely work but not initially. Loyal and paying customer base is the foundation of this model. To attract initial customers, cheap membership fees and tier 1 cities is what we should aim for.

1 replies

Jaswanth Jegan

Stealth • 7m

Yeah may Work in tier 1 cities others won’t like to pay membership

1 replies3 likes

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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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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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RIKASH CLINTON.J

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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?

Good idea

No it's bad idea

already in the market

something else comment

Votes: 215

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

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