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mocheeze | 2 years ago

Walmart and Kroger have had their own disputes with Visa (for one example) and (at least Kroger) started blocking some of their cards at select chains in order to negotiate a better deal. Costco has super tight margins. The the point that when their execs are talking about the price of goods they don't say, "[Item] is $70." No, they say, "[Item] is 69.99." Their culture is about every last penny of the margin. Their money comes from memberships.

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