Sal price edo fedmart and then price club, which he starts later. That's cosco. Cosco was a merger of cosco in seattle in the northwest with price club. No one has done discounting. Two major components. One is big loss leadership. The other is we make it up on volume. Decide that you're only going to mark things up 25 % instead of forty five%. This hadn't really been proven yet. And there's another component what you're saying, which is sam's original lesson of you actually make more profit dollars selling items at a dollar than you do at one 20. You sell three times as many y but there's also the
We kick off Season 11 with the incredible story of the retail “granddaddy of them all” Walmart, and its founder Sam Walton. Once you study Walmart, you realize just how deep its heritage runs through Amazon and so many iconic modern companies we cover on Acquired. This episode was an absolute blast, and we even uncovered a new addendum to the hallowed “focus on what makes your beer taste better” playbook theme!
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