• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Entrepreneurship

Costco Shoppers Love Deals on Luxury Items: Gold Bars, Dom P todayheadline

February 21, 2025
in Entrepreneurship
Reading Time: 2 mins read
A A
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


In a feature published Thursday, Costco Chairman Hamilton “Tony” James told Chief Executive Magazine that even though he’s been on Costco’s board for 36 years, he still loves attending the meetings.

“I find it fascinating,” James said in the Q&A. “The company is a great window on what’s going in the world of consumers, what they’re buying or not buying.”

And what they’re buying, in addition to the beloved $1.50 hot dog combo, are 10-carat diamonds and gold bars. (Wells Fargo analysts found in September that the company sells up to $200 million worth of gold bars monthly.)

Related: Would You Live Above a Costco? Thrive Living Is Building an Apartment Complex on Top of the Warehouse Chain

“A Porsche dealer in Seattle put their cars on the floor of a Costco, and they sold out in a week,” James said.

Costco had about 137 million paying members in 2024, and most, James said, are “average-income earners nationally” but the warehouse chain also has “affluent members with two times the average income.”

Those members allow the company to do “remarkable things” like selling more high-priced Dom Perignon Champagne than “anyone else” — and for decades. In 2001, for example, the then-director of wine at Costco told the Los Angeles Times that the warehouse chain was the “nation’s biggest retailer of Dom Perignon.”

Business Insider reports that, according to data from analytics firm Numerator, millennial and Gen X households with higher income preferred shopping at Costco over the competition.

Related: Costco Bulks Up Most Store Workers’ Paychecks to More Than $30 an Hour.

“We’ve always known we could move anything in volume if the quality was good and the price was great — Rolex watches, Dom Perignon, 10-carat diamonds,” James said.

“Affluent people love a good deal,” he added, though they aren’t only buying luxury items.

The company’s Kirkland brand is “the second-largest brand anywhere,” James notes.

Costco reported net sales of $19.51 billion for January 2025, an increase of 9.2 percent from the same period last year.

Tags: barsBusiness NewsCostcoDealsDomGolditemsloveLuxuryNews and TrendsshoppersThought Leaderstodayheadline
Previous Post

Tiny Light-Based Chips Could Make Your GPS Accurate to the Centimeter todayheadline

Next Post

North Korea says it sees more US 'military provocations' under Trump todayheadline

Related Posts

Your Team Will Love This Easy-to-Use PDF Editor todayheadline

June 1, 2025
9

Get Microsoft 365 for Six People a Year for Just $100 todayheadline

June 1, 2025
4
Next Post

North Korea says it sees more US 'military provocations' under Trump todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

June 1, 2025
Tiafoe joins Paul as American men into French Open quarters

Tiafoe joins Paul as American men into French Open quarters todayheadline

June 1, 2025
Bessent says Trump-Xi call would ease trade logjam — ‘I believe we will see something very soon’

Bessent says Trump-Xi call would ease trade logjam — ‘I believe we will see something very soon’ todayheadline

June 1, 2025

Recent News

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
4
Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

June 1, 2025
3
Tiafoe joins Paul as American men into French Open quarters

Tiafoe joins Paul as American men into French Open quarters todayheadline

June 1, 2025
2
Bessent says Trump-Xi call would ease trade logjam — ‘I believe we will see something very soon’

Bessent says Trump-Xi call would ease trade logjam — ‘I believe we will see something very soon’ todayheadline

June 1, 2025
2

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

Ukraine drones target Russian air bases in covert strike likened to Israeli pager op

June 1, 2025
Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

Felix Rosenqvist, Louis Foster OK after violent crash at Detroit Grand Prix

June 1, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co