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Why Costco Is the Anti-Amazon
Video

Why Costco Is the Anti-Amazon

PolyMatter, 2019

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Editorial Rating

6

Qualities

  • Eye Opening
  • Well Structured
  • Background

Recommendation

As big-box stores like Sears and Toys “R” Us succumb to a “retail apocalypse,” Amazon’s success continues to skyrocket. However, the e-commerce giant still has a lot to learn, and an unlikely contender could offer guidance. Costco, a US wholesaler, is still chugging away with lower prices and a savvy business model. YouTube channel PolyMatter does a side-by-side analysis of the two retail giants. While the report might not reveal novel information to industry insiders, it provides interesting viewing for retailers seeking alternative business models.

Take-Aways

  • US wholesaler Costco rivals Amazon with a business model that requires customers to buy memberships before taking advantage of its low prices.
  • Costco’s incentives match its customers’, which generates a loyal following.
  • Costco is a “refreshingly boring” alternative to Amazon.

About the Speaker

PolyMatter is a YouTube channel that reports on economics, technology, and more.