This is how I see it. Make it appear exclusive enough and the punters will come.
On prices I find most things are not cheap - certainly on things that I know the price of.
I found that with Makro and Bookers as well in the past.
Costco is at least cheaper than Makro and Booker in my experience!
The missus falls for it all which is why we have membership. I cannot believe she has any special eligibility but, when I look at how much she pays for membership, I think it is not worth it. But then I am just the grunt (with the car, oh and the money).
On the car front, if you happen to live very close to a Costco, or pass one on a regular commute/journey, the membership can pay for itself in petrol/diesel savings. Auto Shenanigans did a video a while back demonstrating that it's usually not worthwhile driving further
just to get to a cheaper petrol station though.
I find that, because the prices are without VAT they can appear cheaper when they are really not so cheap.
Yes, and I think combined with the quantity the items are sold in. You see a 15Kg bag of rice for £x and because you're not used to buying things in that quantity you think that's a great deal, only 10p a serving. But then it you compare the unit price to just buying the rice from Asda, Costco works out more expensive, and of course you need more cash up front to bulk buy, and then need the place to store it all.
The missus swears by the bottled water - beyond me as I prefer to get my water fresh from the tap.
I'm a tap water guy also and don't get the whole bottled water thing. Costco bottled water is often stacked at the entrance and is very cheap, potentially even a loss-leader. I swear that's how a lot of people are duped into shopping there - they find one or two products which are significantly cheaper there and think the whole shop must be a trove of bargains.
My missus is the type that clings on to known brands. Whereas I am always on the lookout for an equivalent that is cheaper, to the point I will plump for a cheaper version UNLESS I am sure it is inferior.
Yeah, my mother in law is like this. During COVID, my partner and I were doing the food shop, and we switched from Tesco to Aldi. We swapped her Bisto granuals (not sold in Aldi) with Aldi own brand, and she never knew. Same also with Coco Pops, butter, and a couple of other bits and she never clicked, but benefitted from the savings. There are some things where branded vs non-branded is a significant difference though. Mayo for example, I find it really obvious when it's not Hellman's. So we're a bit of a mix of some brand loyalty with a lot of unbranded preference.
Unless prepared to shop around (which is time consuming) then a shopper is going to plump for buying everything from the one place.
Because Costco has a huge range it is very easy to stick to the one place.
Yeah. I remember there used to be a website which let you add all your shopping and it would show you the cheapest supermarkets to buy each product. The problem is, nobody wants to go to Asda for half a dozen things, then Tesco for another half dozen, then Aldi for the bulk of the shop, etc. I'm no different. Recently I needed jam sugar, bread flour, and filo pastry, which I know my nearest Aldi don't sell, so I did the whole shop at Asda instead, because I value my time more than the cost difference in the total food shop.