expired Posted by abhik • Jan 28, 2022
Jan 28, 2022 1:26 PM
Item 1 of 5
Item 1 of 5
expired Posted by abhik • Jan 28, 2022
Jan 28, 2022 1:26 PM
Costco Members: Fitbit Charge 5 Fitness Tracker + Fitbit Charge 5 Sport Band
+ $5 Shipping$110
$170
35% offCostco Wholesale
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1. Buying power from suppliers
2. Logistic superiority
3. Staffing overhead
4. Real estate costs
5. Membership fees
6. Select high margin products
7. Partnerships that they take a cut out of
8. Brand loyalty that puts customers buying from them above other retailers
Walmart and Kmart were head-to-head competitors. They offered incredibly similar products, had similar retail footprints (for a time), and paid the same wages. Eventually, Walmart shut down Kmart. It essentially came down to organizational excellence. Walmart had it and Kmart did not.
Frankly, it's no different than Amazon. They eat every other online retailer's lunch primarily due to the operational effectiveness. They have leveraged that advantage over the years so that they can now expand into new market segments. They can be wildly successful while offering the best prices on the products that matter the most.
Suddenly a $110 watch costs you $230 for the first year, or $350 for 2 years. At that point you should have just gotten a real smartwatch.
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