According to Sinegal, “Costco is able to offer lower prices and better values by eliminating virtually all the frills and costs historically associated with conventional wholesalers and retailers, including salespeople, fancy buildings, delivery, billing and accounts receivable. We run a tight operation with extremely low overhead which enables us to pass on dramatic savings to our members.”
Costco sells brand name products including groceries, appliances, toys, hardware, jewelry, health and beauty aids, furniture, office supplies, electronics, clothing and tires. Kirkland Signature items are also represented at Costco, including items such as juice, housewares, clothing and detergent. A division of Costco, Costco Wholesale Industries runs manufacturing businesses that include optical laboratories, food packaging and distribution of jewelry.
Where’s Wegmans? They are all over the Northeast, an institution:
Wegmans operates 81 stores: 46 in New York State, 15 in Pennsylvania, 7 in New Jersey, 6 in Virginia, 6 in Maryland and 1 in Massachusetts.
Wegmans employs over 44,000 people.
In 2012, Wegmans received more than 5,200 requests from people asking the company to open a store in their community. Another 7,600 customers wrote to say how much they like shopping at Wegmans, because they like the products and services offered or appreciate the way Wegmans employees treat them.