Costco Sees Value in Higher Pay – “We pay better than the supermarkets, and we pay much better than Wal-Mart,” Sinegal says. “That’s not altruism,” he continues. “It’s good business.” The numbers seem to back him up. Costco’s labor costs amount to 7% of its $42 billion in annual sales, a key industry yardstick. By ...
Costco: Good Pay = Good Business
Feb
16
2004
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