Not exactly food-centric but a really good read and one I thought was topical enough to share.
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We’ve read that total membership fees amount to 2/3 of Costco’s profit, telling volumes about the prices one sees in the aisles.
Thanks, that was a good read. Just like how family wealth dies with the 3rd and 4th generation, it seems good leadership and values dies at the same rate or cause. Oh well.
Reminds me of Planet Fitness - only maybe 40% of its customers actually show up. Amazing business model in both cases.
What really blew my mind is that the original company only had a $2 lifetime fee, which according to an inflation calculator is only around $25 in today’s money. Took them a long time to figure out how to properly make money. Seems so obvious to me sitting on the other end 
And if they hadn’t changed, would the article tall about how staid and stuffy they were?
The world is a wildly different place than it was when the opened. Things change, people change..companies that don’t change rarely survive
