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JaneyVee

(19,877 posts)
Wed Nov 13, 2013, 01:48 PM Nov 2013

Costco Will Close for Thanksgiving

Costco Will Close for Thanksgiving: Employees ‘Deserve The Opportunity to Spend Thanksgiving with Their Families’

Bucking the incredibly lucrative trend for retailers to stay open during Thanksgiving, bulk food utopia Costco has announced that they would stay closed during the holiday, which is seriously blowing our minds with its lunacy.

According to the Huffington Post, Costco is trying out this weird, newfangled idea of giving their workers time off on a national holiday. Why, you ask? Why not squeeze an extra shopping day out of the holiday season? Why deprive America of a 300-pack of paper napkins and a sack of dried cranberries on the day that people need it most? Why, why, why?!

“Our employees work especially hard during the holiday season, and we simply believe that they deserve the opportunity to spend Thanksgiving with their families,” Paul Latham, the company’s vice president for membership and marketing, wrote in an email to The Huffington Post. “Nothing more complicated than that.”


Oh, this is preposterous, Paul Latham. Costco believes that Thanksgiving is a time for people to rest and give thanks for simple blessings in their lives like families and friends? Psh. That’s so silly. Almost as silly as paying employees competitive wages and providing 401ks. Costco, you jokers.

The rest: http://www.thebraiser.com/costcos-closed-for-thanksgiving/
122 replies = new reply since forum marked as read
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Costco Will Close for Thanksgiving (Original Post) JaneyVee Nov 2013 OP
as they always have dembotoz Nov 2013 #1
Ditto on both. I don't know why this is supposed to be news, but it's a comparison to others. freshwest Nov 2013 #13
They're bucking the trend. That's why it's news. n/t pnwmom Nov 2013 #81
Agreed. Just not new with them. And the trend must be bucked! n/t freshwest Nov 2013 #84
I won't shop at any store that closes on Thanksgiving leftstreet Nov 2013 #2
... Wait Wut Nov 2013 #6
And I won't..... daleanime Nov 2013 #18
Same here MissDeeds Nov 2013 #23
I have the same problem with early Christmas stuff. Lizzie Poppet Nov 2013 #45
Saw that as well. Sanity. As opposed to some retailers who have holiday junk out before Halloween. LuckyLib Nov 2013 #47
You say holiday "junk"? HubertHeaver Nov 2013 #51
wow! that's awesome! Blue_Roses Nov 2013 #94
Christmas items are in stores almost half the year now when you consider how early they start and JI7 Nov 2013 #63
it's nuts! Blue_Roses Nov 2013 #96
If you need candy, you can just buy leftover Halloween packs instead of the holiday packs pstokely Nov 2013 #108
In All Fairness... Bigredhunk Nov 2013 #102
I'm also tied if seeing crayons in June pstokely Nov 2013 #107
If you did, it would be 'breaking and entering'... AtheistCrusader Nov 2013 #22
On Thanksgiving I do the same thing. nt Xipe Totec Nov 2013 #27
I absolutely refuse to shop... nikto Nov 2013 #69
So.. YOU are the one racing to the store for the jellied canned cranberry sauce SoCalDem Nov 2013 #110
That is great news for their employees and families. liberal N proud Nov 2013 #3
And Target and Best Buy and Old Navy and Pennys and ToysRus and Macy's and Kohls and ... progressoid Nov 2013 #19
Blame It On the Customers erpowers Nov 2013 #61
But corporations have so carefully taught us that our reward for working fasttense Nov 2013 #113
Maybe erpowers Nov 2013 #119
You know what's really messed up? People SAY they're "PRO FAMILY" alp227 Nov 2013 #73
Thank You COSTCO benld74 Nov 2013 #4
I love Costco in general. This decision adds to the list of reasons. n/t MANative Nov 2013 #5
Exactly what I was thinking Brainstormy Nov 2013 #9
Costco is awesome. kcr Nov 2013 #7
Okay. HappyMe Nov 2013 #8
The other thing that makes absolutely no sense SheilaT Nov 2013 #10
Bravo for them! SoapBox Nov 2013 #11
This should be standard in the retail business. Vashta Nerada Nov 2013 #12
And people, including me, want to shop! nt Logical Nov 2013 #21
Way to be a part of the problem. Vashta Nerada Nov 2013 #48
Amazon is open 24/7, rather me shop there? n-t Logical Nov 2013 #56
Are you kidding me? Are you threatening companies who want their workers to be with family? Gravitycollapse Nov 2013 #67
So every business should be closed Thanksgiving day? Gas stations? Grocery stores? n-t Logical Nov 2013 #74
Anything you can pick up from Amazon is not an emergency item. Gravitycollapse Nov 2013 #76
You know people want to shop on Thanksgiving right? And some people want the hours to work? OK.... Logical Nov 2013 #77
No, I have a problem with your utterly deplorable rhetoric. Gravitycollapse Nov 2013 #79
Here is what makes you look silly..... Logical Nov 2013 #82
"Essentials according to you." - Never said anything of the sort. Those goal posts are staying put. Gravitycollapse Nov 2013 #83
LOL, You called them "emergency items", maybe nap time for you! n-t Logical Nov 2013 #86
Bullshit, now you're boldface lying? Figures. Gravitycollapse Nov 2013 #87
Yes. All non-emergency businesses should be closed. Luminous Animal Nov 2013 #89
Agreed. Vashta Nerada Nov 2013 #93
Yeah even gas stations and quickie marts use to be closed EVERY Sunday fasttense Nov 2013 #112
I can remember yesphan Nov 2013 #118
I wish we had a Costco in the town I live in. As always this company does the right thing. diabeticman Nov 2013 #14
K&R ReRe Nov 2013 #15
COSTCO has always been closed here for Thanksgiving and Christmas, as are most restaurants. But then freshwest Nov 2013 #16
Costco should be the model for businesses. And as far as I know, paying their employees sabrina 1 Nov 2013 #17
Yes, and their simple decency to their workers leads to loyalty from them suffragette Nov 2013 #103
I didn't know Wall St was downgrading them. But they do seem to go after anyone who sabrina 1 Nov 2013 #105
Yes, they've been trying to pressure them to cut wages and health care for years suffragette Nov 2013 #106
Fantastic post, suffragette. Thank you for all the information. I love this guy, completely sabrina 1 Nov 2013 #122
simple solution for the businesses that want to be open on T-Day beachbum bob Nov 2013 #20
I love Costco Gothmog Nov 2013 #24
Lovely but I'm still not a member. Myrina Nov 2013 #25
You have no idea what you're missing. tridim Nov 2013 #29
I have friends w/ kids who are members Myrina Nov 2013 #37
same here.... chillfactor Nov 2013 #39
How does it work? IronLionZion Nov 2013 #111
Bulk isn't as large as you think. tridim Nov 2013 #115
I just give money to my Cosco member coworkers to buy me the occasional bargain Skittles Nov 2013 #34
Thank you. HappyMe Nov 2013 #38
I drive that 45 minutes to an hour to shop at Costco.... chillfactor Nov 2013 #40
That's good. HappyMe Nov 2013 #44
I can understand why it isn't for everyone kcr Nov 2013 #52
Costco eyeglasses Piedras Nov 2013 #59
I buy clothing there PasadenaTrudy Nov 2013 #54
People who buy 300 rolls of toilet paper in bulk-packages... nikto Nov 2013 #70
awesome. nt xchrom Nov 2013 #26
Costco, Nordstrom Refuse To Ruin Thanksgiving xchrom Nov 2013 #28
I don't know about anybody else, but I don't have so much money that LuvNewcastle Nov 2013 #30
Great mtasselin Nov 2013 #31
my work environment is 24 X 7, every day of the year Skittles Nov 2013 #32
Mine has been also, indeed and exactly. uppityperson Nov 2013 #43
when we rotated I always swapped away my weekends for coworkers with kids Skittles Nov 2013 #53
K&R Dopers_Greed Nov 2013 #33
there is way more than food there wilt the stilt Nov 2013 #36
amen...Kirkland products are truly worth every penny! n/t chillfactor Nov 2013 #41
I'm single and have a small apartment dflprincess Nov 2013 #71
Well done. JimboBillyBubbaBob Nov 2013 #35
If you shop on Thanksgiving FatBuddy Nov 2013 #42
Teh horror!!!!!1!111! Initech Nov 2013 #46
But what if I need a 55 gallon drum of mayo on Turkey Day??? NightWatcher Nov 2013 #49
Meanwhile, KMart will open at 6am Thanksgiving morning NewJeffCT Nov 2013 #50
Holy shit...6 AM on Thanksgiving?! WorseBeforeBetter Nov 2013 #75
Yes, and KMart will be staying open NewJeffCT Nov 2013 #109
Repukes hate Costco and are told to shop at Wal Mart and avoid Costco. Rex Nov 2013 #55
Costco CEO W. Craig Jelinek is a great progressive. HijackedLabel Nov 2013 #57
Carry on folks! Arneoker Nov 2013 #58
Good for them! rudolph the red Nov 2013 #60
Costco is a good corporate citizen vt_native Nov 2013 #62
Costco is a leader .. in taking care of their employees .. YOHABLO Nov 2013 #64
I was there today and they posted all of the holidays they were closed... Walk away Nov 2013 #65
If they ever open one in my hometown I will definetely patronize their store! Dustlawyer Nov 2013 #66
This goes against the most sacred corporate values nikto Nov 2013 #68
Sam's Club closes on Thanksgiving too Arkansaw Nov 2013 #72
Yes, but Sam's Club is a subsidiary of Walmart. Gravitycollapse Nov 2013 #80
welcome to DU gopiscrap Nov 2013 #85
Costco will be repaid for its good policies. JEFF9K Nov 2013 #78
I remember when one guy in town kept his store open on holidays. He was busy brewens Nov 2013 #88
"They could tell you where anything in that store was." - I do that every day I work. Gravitycollapse Nov 2013 #91
I bet you're good but are all the others? Do you have checkers flying by the seat of their pants brewens Nov 2013 #97
All of my managers know the store top to bottom. Gravitycollapse Nov 2013 #98
Good God! I get twice that driving a freakin' bus for a blood center! I'm not rubbing it in, brewens Nov 2013 #100
Logged in just to rec this. klook Nov 2013 #90
Wish there was a Costco in Rockford, Beloit, or Janesville. Half-Century Man Nov 2013 #92
Bravo, how very, very civilized. nt valerief Nov 2013 #95
War on Thanksgiving JeaneRaye Nov 2013 #99
They have shorter hours than other stores. Doesn't hurt them one bit. BlueStreak Nov 2013 #101
My Favorite Store On The Planet Bigredhunk Nov 2013 #104
I love Costco. TxDemChem Nov 2013 #114
Costso and their employees are great. In_The_Wind Nov 2013 #116
Costco is enacting policies that demonstrate respect for family traditions & strength of character! hue Nov 2013 #117
Costco is closed on seven holidays jmowreader Nov 2013 #120
As well they should. nt the_sly_pig Nov 2013 #121
 

MissDeeds

(7,499 posts)
23. Same here
Wed Nov 13, 2013, 03:10 PM
Nov 2013

Pure greed. And I'm sick of seeing Christmas items displayed alongside Halloween stuff. Really - wth? Before long, we'll see Santa next to the Easter bunny. Sheesh!

 

Lizzie Poppet

(10,164 posts)
45. I have the same problem with early Christmas stuff.
Wed Nov 13, 2013, 04:33 PM
Nov 2013

Walking past Nordstrom in downtown Portland this morning, I noticed that all their display windows had a sign explaining why they won't be putting any Christmas decorations up until the 29th of November. It said they prefer to celebrate one holiday at a time, and that they'll be closed on Thanksgiving so that their employees can enjoy it...then will "deck the halls" the day after.

HubertHeaver

(2,522 posts)
51. You say holiday "junk"?
Wed Nov 13, 2013, 06:26 PM
Nov 2013

It really is junk. It is the stuff they couldn't get rid of a year ago. Or was it two or even three years ago?

JI7

(89,250 posts)
63. Christmas items are in stores almost half the year now when you consider how early they start and
Wed Nov 13, 2013, 08:09 PM
Nov 2013

the after christmas clearance sales .

Blue_Roses

(12,894 posts)
96. it's nuts!
Thu Nov 14, 2013, 12:26 AM
Nov 2013

I don't remember these holidays being so close together when I was a kid. Who put the earth on fast-forward?

Nothing like buying your Halloween clearance items, while shopping for Christmas decorations.

pstokely

(10,528 posts)
108. If you need candy, you can just buy leftover Halloween packs instead of the holiday packs
Thu Nov 14, 2013, 04:44 AM
Nov 2013

same candy

Bigredhunk

(1,349 posts)
102. In All Fairness...
Thu Nov 14, 2013, 02:31 AM
Nov 2013

I read the reason for the early holiday stuff @ Costco in the Costco newsletter a year ago. Costco has low prices and great customer service b/c they're very savvy.

1) Holiday stuff is out before the holidays so that they can avoid having closeouts/clearance stuff. That costs companies $$. Their prices go up - your prices go up. So they have Christmas stuff out in September (or whenever) and stop selling it well before Christmas. That way they're not stuck with a bunch of Christmas stuff (that they have to heavily discount to move) on 12/26.

2) When they're made aware of an upcoming price increase for a product, they buy an excess of it at the old price. That way they can keep their current (lower) price longer (or permanently, if they can weather the storm until the price goes back down).

SoCalDem

(103,856 posts)
110. So.. YOU are the one racing to the store for the jellied canned cranberry sauce
Thu Nov 14, 2013, 07:21 AM
Nov 2013

you forgot to buy :

liberal N proud

(60,334 posts)
3. That is great news for their employees and families.
Wed Nov 13, 2013, 01:54 PM
Nov 2013

Wal-Mart and K-Mart have done a fine job of destroying the holiday for many. Thanksgiving is the new Black Friday with Wal-Mart taking the wraps of the bait at 6:00 PM meaning people will start lining up at 8:00 AM on Thanksgiving Day, pass the turkey.

erpowers

(9,350 posts)
61. Blame It On the Customers
Wed Nov 13, 2013, 08:03 PM
Nov 2013

Yes, it is bad that Wal-Mart and other stores will open on Thanksgiving. However, they would not do so if no one would show up on Thanksgiving, or if they knew there would be a backlash for them opening on Thanksgiving.

People who are opposed to stores opening on Thanksgiving should write letters to the stores informing them that those people will not longer shop at the stores due to their decision to open on Thanksgiving. They then need to follow through and not shop at those stores. Store owners would close on Thanksgiving if they knew they would lose more money after Thanksgiving than they would gain on that day.

 

fasttense

(17,301 posts)
113. But corporations have so carefully taught us that our reward for working
Thu Nov 14, 2013, 09:02 AM
Nov 2013

their crappy, crappy jobs is shopping. We have become addicted to shopping. We must have access to our fix 24/7.

Are most of those people who go out to Wal-Mart to fight over 1 flat screen TV enjoying themselves? I find shopping hard work. After working 6 days a week I don't look forward to spending my day off shopping.

Yet no matter when corporations decide to open their retail stores, they get customers. And it's all because we have been taught that shopping is our reward, our one piece of life where we decide, where we are in control. Our jobs are drone like and boring but then we earn money and can shop.

Next up, Stores will be open for Christmas.

erpowers

(9,350 posts)
119. Maybe
Thu Nov 14, 2013, 03:52 PM
Nov 2013

When I was writing my previous post, I thought about whether stores would be open on Christmas. Maybe that will happen, but I thought the store owners would get into too much trouble for opening on that holiday. It seems that there will be too much outrage if stores opened on Christmas, but we will have to wait and see what will happen. You never know, maybe opening on Thanksgiving is just a test to see how hard it would be to open on Christmas. In addition, maybe the store owners plan to blame the customers for their stores being open on that holiday.

Do you think poor pay also has something to do with people being willing to shop on Thanksgiving? Some electronic items, on a normal day, are expensive. It seems that some of these items are hard for some regular workers to afford. If these items' prices are deeply discounted on only one day a year or only for four hours on one day a year maybe workers are willing to shop on Thanksgiving in order to afford items that they would otherwise be unable to afford.

alp227

(32,025 posts)
73. You know what's really messed up? People SAY they're "PRO FAMILY"
Wed Nov 13, 2013, 10:24 PM
Nov 2013

(y'know, fighting FOR GOD and against THE GAYS, THE BABY KILLERS, THE ATHEISTS, THE LIBERAL MEDIA, COMMIE HOLLYWOOD, THE FEMINISTS...) but then shop at these anti-family, anti-worker, anti-American, China-enabling multinational monsters!

 

SheilaT

(23,156 posts)
10. The other thing that makes absolutely no sense
Wed Nov 13, 2013, 02:12 PM
Nov 2013

about this new rush on the part of retailers to be open Thanksgiving, is that for many years now -- twenty or more -- I've read that "Black Friday" is NOT the day that most sales take place, and that in fact many more people are simply looking around than are buying.

For three or four years back in the '90's I went out with my sister on the day after Thanksgiving. It simply wasn't any fun, and I wasn't ever in the market for the six giant screen TVs or the eight specific gaming systems that were on huge markdown that day. I also apparently spend a whole lot less money overall for Christmas than do many people, so there is really no point for me to shop that day.

Plus, I'm feeling especially virtuous this year because I have most of my Christmas shopping already done.

Anyway, good for Costco. I just wish we had one here in Santa Fe. We have two WalMarts and a Sam's Club, none of which I ever go to. There's a Costco in Albuquerque, but I just am not a good enough consumer to go to Albuquerque very often to shop.

SoapBox

(18,791 posts)
11. Bravo for them!
Wed Nov 13, 2013, 02:15 PM
Nov 2013

But then you have all the idiots that will take their out-of-control brats and the slack-jawed-phone-staring-zombie wife/husband/partner, to shop at those crap stores.

 

Vashta Nerada

(3,922 posts)
12. This should be standard in the retail business.
Wed Nov 13, 2013, 02:15 PM
Nov 2013

But the rest of the retail outlets are greedy and want to make the $$$.

 

Vashta Nerada

(3,922 posts)
48. Way to be a part of the problem.
Wed Nov 13, 2013, 05:02 PM
Nov 2013

Can't you shop the day after Thanksgiving?

Retail employees deserve to spend time with their families on Thanksgiving.

Gravitycollapse

(8,155 posts)
67. Are you kidding me? Are you threatening companies who want their workers to be with family?
Wed Nov 13, 2013, 09:33 PM
Nov 2013

Are you fucking joking?

Go ahead, go shop at Amazon. I don't think a single moral person would give a shit. So go ahead, taunt those who cherish loved ones more than profit. Excuse me while I go vomit.

Gravitycollapse

(8,155 posts)
76. Anything you can pick up from Amazon is not an emergency item.
Wed Nov 13, 2013, 10:35 PM
Nov 2013

So basically your disgusting, and they are disgusting, comments amount to you talking about how you want to fuck over ethical companies for not being open so you can buy that 20 pack of hip flasks or 500 dollar headphones you so desperately need RIGHT NOW.

Don't feed me your BS and don't for a second think I'm interested in letting you move the goal posts.

 

Logical

(22,457 posts)
77. You know people want to shop on Thanksgiving right? And some people want the hours to work? OK....
Wed Nov 13, 2013, 10:45 PM
Nov 2013

would you want a law passed to stop businesses from being open?

And you have a temper problem.

Gravitycollapse

(8,155 posts)
79. No, I have a problem with your utterly deplorable rhetoric.
Wed Nov 13, 2013, 10:58 PM
Nov 2013

Those goal posts are firmly planted.

That you would think it was tasteful in ANY capacity to jokingly or seriously suggest threatening ethical businesses by going to Amazon is unquestionably telling of your disrespect towards the worker.

That there are more people like you gives absolutely zero credence to your position.

 

Logical

(22,457 posts)
82. Here is what makes you look silly.....
Wed Nov 13, 2013, 11:02 PM
Nov 2013

And you fell for it.....

Costco sells food and gas! Essentials according to you.

But you want them closed?




Gravitycollapse

(8,155 posts)
83. "Essentials according to you." - Never said anything of the sort. Those goal posts are staying put.
Wed Nov 13, 2013, 11:10 PM
Nov 2013

And you should be ashamed of yourself.

Gravitycollapse

(8,155 posts)
87. Bullshit, now you're boldface lying? Figures.
Wed Nov 13, 2013, 11:18 PM
Nov 2013

I said anything you can pick up on Amazon is not an emergency item. I said nothing of what would be considered emergency items.

Again, I want to keep this entire discussion firmly planted on your disgusting words. And they were truly disgusting.

 

fasttense

(17,301 posts)
112. Yeah even gas stations and quickie marts use to be closed EVERY Sunday
Thu Nov 14, 2013, 08:53 AM
Nov 2013
Now people act as if they will die if they can't get their consumer fix 24/7.

When I was growing up NO STORES were open on Sunday, every Sunday. No Gas Stations, No corner markets, no quickie marts, nothing was open on Sundays and No One died, or got into trouble or suffered from it. The drug stores did take turns being open on Sundays for medicine, but aside from that, no other stores were open. We planned ahead and used what we had at hand. And everyone relaxed on Sunday.

ReRe

(10,597 posts)
15. K&R
Wed Nov 13, 2013, 02:24 PM
Nov 2013

Well, lo and behold, common sense is beginning to make sense again! It's a good day in America, at least for all of Costco employees and their families. Hell, it's a good day for me too, as I love it when I observe old-fashioned common sense raise it's pretty face.

freshwest

(53,661 posts)
16. COSTCO has always been closed here for Thanksgiving and Christmas, as are most restaurants. But then
Wed Nov 13, 2013, 02:24 PM
Nov 2013

I live in a union-friendly area, where this is matter of course.

I am disgusted at what WalMart, etc. are brazenly doing to their employees and the wingnuts who don't support living wages and conditions for others, just because they've been brainwashed to believe it's a socialist thing to do.

FYI bosses: Your workers are not robots, and robots wouldn't buy your stuff.

sabrina 1

(62,325 posts)
17. Costco should be the model for businesses. And as far as I know, paying their employees
Wed Nov 13, 2013, 02:31 PM
Nov 2013

a decent salary and treating them like human beings, hasn't stopped them from being one of the most successful businesses in this country.

I wish we had here but am willing to travel to the nearest one rather than shop at Walmart, who is the model for what a business should NOT be.

suffragette

(12,232 posts)
103. Yes, and their simple decency to their workers leads to loyalty from them
Thu Nov 14, 2013, 02:39 AM
Nov 2013

Yet Wall Street downgrades them based in the very factors that make Costco both successful and a great example. Wall Street has been trying for years to get them to adopt cut throat business practices by lowering their rating of them. Costco instead keeps its values and system and does very well, despite Wall Street.
Costco even made the decision during the recession not to lay off workers. They weren't hiring, but they made cuts elsewhere instead of cutting workers. Wall Street fumed. Costco and its workers came through fine and the customers were still well served.
I think this speaks strongly to real values versus false valuation.

sabrina 1

(62,325 posts)
105. I didn't know Wall St was downgrading them. But they do seem to go after anyone who
Thu Nov 14, 2013, 03:56 AM
Nov 2013

contradicts their cut throat business practices and by succeeding as a decent business that respects human beings, shows them up for what they are. They fear that the people will see the contrast, a model they want eradicated, between their brutal business tactics and a moral, ethical and decent business. It might give people ideas.

Not surprised either that they did not fire people during the recession.

Hi suffragette nice to see you

suffragette

(12,232 posts)
106. Yes, they've been trying to pressure them to cut wages and health care for years
Thu Nov 14, 2013, 04:27 AM
Nov 2013

They devalue them and constantly note they "miss analyst expectations" when they actually do very well.

Here, from a post I made in 2010:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=8769829&mesg_id=8770550
Wall Street and Costco are a good example. There have been many articles on how Wall Street has repeatedly put pressure on Costco to change its policies to ones that favor share holders over employees. Their valuation of Costco has more to do with Wall Street's callous view on how companies should be run than on Costco's success.

http://abcnews.go.com/2020/Business/story?id=1362779
Sinegal admits that "paying high wages is contrary to conventional wisdom."

And conventional wisdom in this case comes from Wall Street. Analysts seem to be the only critics of Costco and Sinegal. They think the company could make even more money if it paid its workers less -- like Wal-Mart does.

Sinegal is unfazed by his critics. "Wall Street is in the business of making money between now and next Tuesday," he said. "We're in the business of building an organization, an institution that we hope will be here 50 years from now. And paying good wages and keeping your people working with you is very good business."

What Sinegal has proven is that a company doesn't have to be ruthless. Being humane and ethical can also make you money.




More recent 2013 news, same process:

http://www.huffingtonpost.com/2013/06/06/richard-galanti-wages_n_3396101.html

What’s more, Costco has continued to pay its workers decently even in the face of pressure to stop. Ever since the company went public in 1985, Wall Street investors have urged Costco executives to lower wages and cut health benefits, which are also relatively generous, according to Businessweek. Instead, the company’s former CEO and co-founder gave workers a raise every three years.

Great article here from 2005, worth a full read:
http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?pagewanted=all&_r=0

It's also very powerful that even with Sinegal retiring, the philosophy has stayed the same.

Great to see you, too

sabrina 1

(62,325 posts)
122. Fantastic post, suffragette. Thank you for all the information. I love this guy, completely
Thu Nov 14, 2013, 11:20 PM
Nov 2013

unfazed by Wall St. I wish there more like him, with the convictions and the courage to stand up and PROVE what compassionless, monsters these people are. So scared too that they will be exposed for the frauds they are by a Corporation who is simply being fair to his employees. When being fair to human beings becomes so rare that Costco stands out in this country, surely it's time to revue this whole 'system' we are living under?

 

beachbum bob

(10,437 posts)
20. simple solution for the businesses that want to be open on T-Day
Wed Nov 13, 2013, 02:55 PM
Nov 2013

don't go shopping....also solution for black friday early morning insanity.

Myrina

(12,296 posts)
25. Lovely but I'm still not a member.
Wed Nov 13, 2013, 03:21 PM
Nov 2013

No way on God's Green Earth I would ever have a need for bulk peanut butter or a 300-pack of TP.
Not to mention no place to put it.


tridim

(45,358 posts)
29. You have no idea what you're missing.
Wed Nov 13, 2013, 03:33 PM
Nov 2013

I'm single and live in a small apartment and easily make Costco work.

And their TP is amazing.

Myrina

(12,296 posts)
37. I have friends w/ kids who are members
Wed Nov 13, 2013, 04:03 PM
Nov 2013

.... and it works for them, but I just don't see a way it could work for me. I'm one of those folks who essentially shops on my way home from work for what I'm having for dinner. And I don't often buy furniture, electronics etc.


To each their own.

chillfactor

(7,576 posts)
39. same here....
Wed Nov 13, 2013, 04:08 PM
Nov 2013

I live alone and survive mostly on social security...the money I save on items that last me for months is truly amazing!

tridim

(45,358 posts)
115. Bulk isn't as large as you think.
Thu Nov 14, 2013, 09:20 AM
Nov 2013

I'd say 90% of the stuff there is the same size as you get in any store. The only thing I don't really buy there is produce because it does go bad before I can eat it.

And then there are random specials like $19.00 Calvin Klein jeans that are just a single pair of jeans at about an 80% discount.

HappyMe

(20,277 posts)
38. Thank you.
Wed Nov 13, 2013, 04:07 PM
Nov 2013

I don't have the room for massive amounts of TP or the need for that many jars of anything.

We would have to drive about 45mins to an hour to get there. It's not worth the gas either.

chillfactor

(7,576 posts)
40. I drive that 45 minutes to an hour to shop at Costco....
Wed Nov 13, 2013, 04:12 PM
Nov 2013

and the drive is worth it! I find room for extra supplies.....it is worth my time and gas money....

HappyMe

(20,277 posts)
44. That's good.
Wed Nov 13, 2013, 04:29 PM
Nov 2013

I find it's just not worth my time, and I don't have the room or the need for a ton of stuff.

kcr

(15,317 posts)
52. I can understand why it isn't for everyone
Wed Nov 13, 2013, 06:35 PM
Nov 2013

But yep, I'd drive a long way if I had to. Not all bulk stores are the same. I was never really into them back when I'd only ever been to Sam's Club. I wish we'd had Costco when my kids were babies.

Piedras

(247 posts)
59. Costco eyeglasses
Wed Nov 13, 2013, 07:14 PM
Nov 2013

Eyeglasses from Costco are much more affordable than from just about any place else. That savings, all by itself, makes their membership worth it to me. Savings on other things add to the savings bonus. Costco is about 10 minutes away and very tempting. Good on them to stay closed on Thanksgiving.

 

nikto

(3,284 posts)
70. People who buy 300 rolls of toilet paper in bulk-packages...
Wed Nov 13, 2013, 09:39 PM
Nov 2013

Must be full of shit.










I know this from personal experience.

xchrom

(108,903 posts)
28. Costco, Nordstrom Refuse To Ruin Thanksgiving
Wed Nov 13, 2013, 03:31 PM
Nov 2013
http://www.huffingtonpost.com/2013/11/13/costco-thanksgiving_n_4262774.html?ncid=edlinkusaolp00000009&ir=Technology

If you make a last-minute run to Costco on Thanksgiving Day, you'll be out of luck. The discount retailer is bucking the hot trend in retail: kicking off the holiday shopping season before the turkey is even out of the oven.

"Our employees work especially hard during the holiday season, and we simply believe that they deserve the opportunity to spend Thanksgiving with their families," Paul Latham, the company's vice president for membership and marketing, wrote in an email to The Huffington Post. "Nothing more complicated than that."

While Walmart, Kmart, Target and others grab headlines for starting the holiday shopping season on Thanksgiving Day, Costco and a few others are standing out for their commitment to a national day off.

“Maybe call me old-fashioned, but I feel that it’s an easy decision to make [to stay closed on Thanksgiving],” Laura Sen, the CEO of BJ’s Wholesale Club, told HuffPost. Her company’s 201 stores are staying closed on Thanksgiving Day. The company tried out a Thanksgiving Day opening in 2006, and shoppers just didn’t respond, she said. And staying closed that day means workers will get the “nice holiday with their families” that they deserve, Sen added.

LuvNewcastle

(16,846 posts)
30. I don't know about anybody else, but I don't have so much money that
Wed Nov 13, 2013, 03:37 PM
Nov 2013

I need Thanksgiving on top of the whole month of the holiday season to fit in all my Christmas shopping. Anybody here think you won't accomplish all your shopping without that extra day?

mtasselin

(666 posts)
31. Great
Wed Nov 13, 2013, 03:44 PM
Nov 2013

I live in the UP and have to drive to Green Bay for the closest Costco, Thank you Costco!!!!!!!!!!

Skittles

(153,164 posts)
32. my work environment is 24 X 7, every day of the year
Wed Nov 13, 2013, 03:44 PM
Nov 2013

we can swap shifts which I have often done as a single gal to accommodate people with kids but there ARE plenty of people who work ALL holidays

but if you CAN let your people off you SHOULD

Skittles

(153,164 posts)
53. when we rotated I always swapped away my weekends for coworkers with kids
Wed Nov 13, 2013, 06:46 PM
Nov 2013

gawd how they loved me for that

Dopers_Greed

(2,640 posts)
33. K&R
Wed Nov 13, 2013, 03:45 PM
Nov 2013

I don't shop there because I don't need big-ass quantities of food. But this makes me want to get a membership.

 

wilt the stilt

(4,528 posts)
36. there is way more than food there
Wed Nov 13, 2013, 03:54 PM
Nov 2013

all of their items are of excellent quality. if you buy a chair or a briefcase or anything that is "kirkland" which is their store brand you can't go wrong.

dflprincess

(28,078 posts)
71. I'm single and have a small apartment
Wed Nov 13, 2013, 10:10 PM
Nov 2013

so not only do I not need large quantities of food I don't have room for large quanities of things like paper towels - but with what I save on items like Centrum, Advil, & face creams and the membership more than pays for itself.

NewJeffCT

(56,828 posts)
50. Meanwhile, KMart will open at 6am Thanksgiving morning
Wed Nov 13, 2013, 05:06 PM
Nov 2013

and Wal-Mart is opening 2 hours earlier than last year on Thanksgiving evening (6pm this year, vs 8pm last year)

WorseBeforeBetter

(11,441 posts)
75. Holy shit...6 AM on Thanksgiving?!
Wed Nov 13, 2013, 10:33 PM
Nov 2013

At least Macy's isn't opening until 8 PM, so employees could enjoy a nice meal somewhere.

 

HijackedLabel

(80 posts)
57. Costco CEO W. Craig Jelinek is a great progressive.
Wed Nov 13, 2013, 06:49 PM
Nov 2013

And someone I wish more business leaders would model themselves after.

Arneoker

(375 posts)
58. Carry on folks!
Wed Nov 13, 2013, 06:57 PM
Nov 2013

In fighting those who are making the REAL war on Thanksgiving, and on Christmas! But I'm sure that Sarah Palin mentions this disgusting over-commercialization in her book. Next time anyone talks to one of her fans just ask where in the book she talks about it and what she says. And of course Bill O'Reilly, that stalwart of integrity, must be on the case here too!

vt_native

(484 posts)
62. Costco is a good corporate citizen
Wed Nov 13, 2013, 08:07 PM
Nov 2013

That's why I shop there, I wish they'd dump GMO food products, though.

 

YOHABLO

(7,358 posts)
64. Costco is a leader .. in taking care of their employees ..
Wed Nov 13, 2013, 08:30 PM
Nov 2013

There is no Costco near my house .. I would have to drive about 40 miles to get to one. However, There are 5 Walmarts and a Sams Club within a 10 mile range of my house. I hate Walmart and there merchandise sucks.

Walk away

(9,494 posts)
65. I was there today and they posted all of the holidays they were closed...
Wed Nov 13, 2013, 09:06 PM
Nov 2013

on a large sign on the front of the store. My first thought was "what a great company".

Dustlawyer

(10,495 posts)
66. If they ever open one in my hometown I will definetely patronize their store!
Wed Nov 13, 2013, 09:30 PM
Nov 2013

Walmart gave their suppliers incentive to outsource their labor to other countries. Now they sell Chinese products and almost none from the good ol' US of A. Walmart used to advertise American made products with "Pride!" Now that Sam is dead his kids sold out!

 

nikto

(3,284 posts)
68. This goes against the most sacred corporate values
Wed Nov 13, 2013, 09:35 PM
Nov 2013

CostCo is committing a sin against Corporations and wealthy stockholders.

Arkansaw

(10 posts)
72. Sam's Club closes on Thanksgiving too
Wed Nov 13, 2013, 10:19 PM
Nov 2013

New Year's Day: Closed

Easter: Closed

Memorial Day: 7 a.m. - 6 p.m.
All Members

Fourth of July: 10 a.m. - 6 p.m.
All Members

Labor Day: 7 a.m. - 6 p.m.
All Members

Thanksgiving: Closed

Christmas: Closed

brewens

(13,588 posts)
88. I remember when one guy in town kept his store open on holidays. He was busy
Wed Nov 13, 2013, 11:22 PM
Nov 2013

but back then 99% of the people knew to buy all their stuff ahead of time, knowing everything would be closed. The other little stores in town didn't freak out knowing Dick was making all the money that day. He was a great old guy. A B-17 crewman that survived his 25 missions during the worst of the air war against Germany. All other stores just left it alone and let their people have the day off. You only had to work at the local mill if you had a job there. Of course at like double-time holiday pay, you didn't hear anyone complaining much.

I had my first job as a boxboy at 16 when we started the race to the bottom. I worked for Buttreys, a regional grocery store chain in the northwest. Believe it or not I was union too. They had to pay me overtime for anything over 20 hours and holidays. I remember when our local Safeway stores went from closing at nine to closing at ten and we followed suit. No one could believe it. Why? Back then everyone could get their shopping done by nine. It seemed senseless but Circle K convenience stores had started popping up and were open until 11. Evidently the big bosses felt they might miss out. That was 1978 I believe. That extra hour really screwed the married people. That made a big difference.

In 1978, when you went Christmas shopping, I'd bet 80% of that money you spent stayed in town. You went to school with the kids who's dad owned the shop where your dad might have bought the new TV or whatever. Places like that stayed open until six or seven to catch the 9-5 peoples business, maybe they went until nine for the holiday season.

Back then a man or woman working at a hardware store or grocery store made good money. Not as much as the mill workers but close enough that you were glad to keep your day job and not have the shift work hours.

What price are we paying for the "convenience" of being able to shop 24/7 now? Every time we made a step in that direction, we stuck people working late hours to provide it. That seemed great at the time but now for some of us, it's us working in the middle of the night.

Remember when you went shopping and the stock clerks were in the isles working? They could tell you where anything in that store was. Now those guys are graveyard workers. I went into an old mid sized grocery store, owned and managed by a guy named Don Whipple recently. That's right. Mr. Whipple! I went around the corner into an isle and there were two guys in aprons there stocking. I said, "Alright! That's what I like to see! Old-school grocery guys working an isle!" No freaking night crew there all night stocking that place!

Remember traveling and knowing you probably couldn't even get gas on a Sunday? What was so wrong with that? So you planned your trip around it and damn well made sure you had plenty of smokes to get you through until Monday!

It really never had to go the way it is now. How much of the money you spend now goes right out of your town to people you will never meet? Blame it on cutthroat competition and capitalism but we also helped.

Gravitycollapse

(8,155 posts)
91. "They could tell you where anything in that store was." - I do that every day I work.
Wed Nov 13, 2013, 11:52 PM
Nov 2013

I can tell you where almost any item is in my store and I work at a national drugstore chain with literally 20,000 items on the shelves.

brewens

(13,588 posts)
97. I bet you're good but are all the others? Do you have checkers flying by the seat of their pants
Thu Nov 14, 2013, 12:44 AM
Nov 2013

that know all the prices? We had checkers that only had to look to make sure on some items they didn't see often to ring them up. No scanners back in the day.

I go into Home Depot and I swear that if I actually look at an employee like I have a question, they turn around and go the other way!

Gravitycollapse

(8,155 posts)
98. All of my managers know the store top to bottom.
Thu Nov 14, 2013, 12:50 AM
Nov 2013

Not everyone else is so good. Although we are unique in that about 90% of our waged employees are university students and we are all fairly hard working. That's not often true for most places who pay their employees next to nothing.

I certainly earn my measly 8.92 an hour.

brewens

(13,588 posts)
100. Good God! I get twice that driving a freakin' bus for a blood center! I'm not rubbing it in,
Thu Nov 14, 2013, 01:59 AM
Nov 2013

just commenting that I'd bet my next check that you generate more in profit for your company in an hour than I could ever dream of. You'd have to. In between driving I sit somewhere at a university waiting for a couple more babes to come up and register to donate. Yeah, I have a CDL and have some training but there really is no justice.

klook

(12,155 posts)
90. Logged in just to rec this.
Wed Nov 13, 2013, 11:41 PM
Nov 2013

And just to thank Costco, I will go there before Thanksgiving and buy two 15-lb. butterball turkeys taped together.

JeaneRaye

(402 posts)
99. War on Thanksgiving
Thu Nov 14, 2013, 01:53 AM
Nov 2013

Bill O'Reilly has been ranting and raving about the war on Christmas for forever now. I keep waiting for him to recognize that the war is actually on Thanksgiving. Thank goodness for Costco and other retailers who respect this holiday and their employees who want to spend time with their families. I will not be shopping on Thanksgiving Day and I call for others to do the same.

 

BlueStreak

(8,377 posts)
101. They have shorter hours than other stores. Doesn't hurt them one bit.
Thu Nov 14, 2013, 02:14 AM
Nov 2013

I swear, every time I have gone there, any time during their business hours, even in the worst weather, the parking lot and store are PACKED. They have the right system. Great employees. Great products. Great company ethic. They cut costs aggressively in areas that don't hurt employees, suppliers, or product quality. For example, they simply don't accept credit cards, which cost the merchant more than debit cards. They don't provide bags -- you bring your own or else use the boxes that are usually available.

Then some little things. The milk is offered in cube-shaped containers that take up less space in trucks, the store refrigerators, and also in your refrigerator at home. They really think through the little things.

Mitt Romney got a few smirks when he commented about the quality of their dress shirts, but they really are good, and usually something like $17 for a shirt that would easily be $50 at any department store.

There aren't very many businesses that I actually feel good about when I walk in.

Bigredhunk

(1,349 posts)
104. My Favorite Store On The Planet
Thu Nov 14, 2013, 02:48 AM
Nov 2013

We've been members since '01. We didn't have 1 in our state until 2004, and even then it was almost 250 miles away. We used to go drive 350 miles to Minneapolis for a weekend…load up at Costco…drive home.

My only gripe is that they don't build enough of them in enough places. For example, they're opening 150 new warehouses over the next few years. Unfortunately, almost all of them are where they already have warehouses. They build more locations to handle spillover from busy stores rather than building one where none exist. Our closest warehouse is 100 miles away. It's a 2-hour drive. We're members. We shop there. But we're lucky if we can get to a warehouse every 6-8 weeks, on average.

As to those single people (or those with small families) who think they don't need a pallet of whatever product - it's very easy to make Costco for you. Everything isn't a 300-count of something. Most of what we buy there is food & supplies. For example, they sell a 64 oz container of Mountain High plain low fat organic yogurt for under $4. Try to get any kind of organic yogurt in any amount and see how much you pay. A) It's good for you, not like that sugar-filled (or chemical-filled) crap like Yoplait. As far as being able to eat that much, it's a cup of yogurt for 8 days. You just put it in your own reusable containers (or in our case, a smoothie every day). The "use by" date is often about a month out, so it's not going bad if you eat yogurt at all. It's better for the environment too, as you're not using 1-off packages. Our disposable culture is terrible. Use a bottle of water, pitch it (recycle it if lucky). Use a little container of yogurt, pitch it (recycle it if lucky). Big containers are much better. Anyway, there are a ton of staples we buy there, and none of it goes bad.

TxDemChem

(1,918 posts)
114. I love Costco.
Thu Nov 14, 2013, 09:04 AM
Nov 2013

While other companies try to milk their employees for everything they have, Costco refuses. Take that Walmart!

hue

(4,949 posts)
117. Costco is enacting policies that demonstrate respect for family traditions & strength of character!
Thu Nov 14, 2013, 11:12 AM
Nov 2013

jmowreader

(50,557 posts)
120. Costco is closed on seven holidays
Thu Nov 14, 2013, 04:17 PM
Nov 2013

They close New Year's Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas.

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