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Economist Podcasts
The Intelligence: A Super predictable Tuesday
Mar 6, 2024
Adam O'Neill, Washington correspondent for The Economist, shares insights on Donald Trump's stronghold over the Republican Party following predictable wins in the primaries. O'Neill discusses the populist shift within the party and the potential hurdles Trump may face as he prepares for the general election. The conversation also dives into Costco's unique business model, exploring its customer appeal, and examines rental affordability across major European cities, shedding light on stark differences in housing markets.
20:50
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Quick takeaways
- Costco's success attributed to low markups and membership fees, offering quality products at competitive prices.
- Donald Trump's influence on the Republican Party rooted in personality, reshaping towards a blue-collar, populist approach.
Deep dives
Costco's Success: Low Markup and Membership Fees
Costco's success lies in its strategy of keeping markups low, with gross margins of around 12% compared to competitors like Walmart with 25%, allowing for cheaper prices for shoppers. The company also charges annual membership fees earning billions from its members. By stocking fewer products, around 3,800 items, Costco ensures quality and bargaining power for lower prices passed on to customers.
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