Costco plans receive warm reception from Hollygrove neighbors
22.05.12
With memberships starting at $55 a year, the warehouse-style store offers far fewer items than other big box retailers, but makes its purchases in such high volume that it is able to offer them at substantially reduced prices, even for items of high quality, explained Jackie Frank, a vice president for real-estate development. Merchandise includes groceries, housewares, electronics, jewelry, clothing and furniture with an in-house bakery and butcher shop, and Frank noted that Costco is the largest seller of fine wines in the country. The store will also have a pharmacy that state law will require is open to anyone.
“There’s not a lot of selection, but our commitment is to an extraordinarily high quality product,” Frank said.
The company prides itself on treating its employees well, Frank said, offering $11 an hour in starting wages, an average salary of more than $48,000 after five years, benefits to nearly 90 percent of employees, a turnover of less than 10 percent annually and millions of dollars per year in charitable donations.
Source: UptownMessenger.com