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Costco: Wal-Mart
built 607 days ago
Costco has gained the majority of the market share in the wholesale club market in terms of sales. However, this market still remains fiercely competitive. Costco's main competition is Wal-Mart's Sam's Club. Costco has taken away market share from Sam's Club by opening new clubs throughout the Midwest and the South over the past years, which was previously dominated by Sam's Club. BJ's, a smaller retail warehouse chain... competes with Costco and Sam's Club.
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"With Wal-Mart and Costco distribution, Preclick photo software reaches 40% of US retail photo customers," said Peter Nalle, a MAG investor. "Preclick has created the largest consumer channel to serve digital media and sharing needs."
Costco's employees are paid 40% more per hour than the competition, including Wal-Mart. Costco is ... known for providing its employees with benefits which are well over the industry average. New California laws have lowered workers compensation costs, which will help reduce employee costs.
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Preclick makes co-branded photo software for major imaging brands: Hewlett-Packard, Wal-Mart, Costco, 3M, and SanDisk. Preclick ... offers a family of plug-in applications for free and for under $20 to address customer desires and frustrations.
"I'm a big admirer of Wal-Mart, but I admire Costco more," says Charles Munger, Warren Buffett's longtime business partner at Berkshire Hathaway (BRKB) and a Costco board member. "Virtually none of the sins of modern capitalism are at Costco."
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