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How Costco Became A Massive "Members Only" Retailer

CNBC, 12 Sep 2020
Costco makes billions doing what in retail might once have been thought unthinkable: charge people to shop there. The company draws most of its income from membership fees, and has a nearly 90 percent membership renewal rate. It charges very low prices on goods, rotates its inventory, and pays employees better than the retail average. But how long can it last?

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