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Losing tens of millions every year, why does costco's roast chicken suck countless powders?

It's because costco's roast chicken is good and cheap.

Costco, founded in 1976, is the largest chain membership warehouse in the United States, the second largest retailer in the United States and the seventh largest retailer in the world. At present, Costco has more than 711 stores around the world.

Costco entered the Chinese mainland market from Tmall. In October 2114, Costco officially entered Tmall International. In early September 2117, Costco's official Tmall flagship store was launched. In May 2118, Costco announced its plan to settle in Chinese mainland, and the first physical store in mainland China will be located in Minhang District.

five years after entering China, Costco officially opened its first physical store in mainland China on August 27th. Costco Shanghai Minhang Store has a total shopping area of nearly 4,111 square meters, with 1,211 parking spaces, making it the largest parking lot in its global stores. A roast chicken weighing at least 3 pounds is enough for a family of three to stutter. The price is very cheap, as long as 4.99 US dollars, equivalent to RMB 35 yuan.

cheap and delicious roast chicken is a major feature of Costco, which is very popular with customers. Sales are increasing every year, doubling since 2111. Last year, Costco sold 91 million roast chickens. The Wall Street Journal reported that other supermarkets sell roast chicken, which costs at least $1 more than Costco and weighs only 1.5 to 2 pounds. However, Costco's roast chicken is a loss-making business. For every chicken sold, the store loses 51 cents.

The roast chicken with a price of $4.99 and the hot dog with a price of $1.51 (including refillable drinks) attracted countless customers. These customers usually have bought dozens or even hundreds of dollars before coming to the roast chicken counter.

in p>2117, large American retailers spent $6.3 billion on advertising, $1.4 billion on Target)14 and $3 billion on Wal-Mart. In contrast, Costco basically does not use this traditional marketing advertising model. Roast chicken is a beautiful business card, which has a huge advertising effect, and its cost is only 31 million to 41 million dollars.

Costco provides tasting service in different exhibition areas, and consumers can eat as much as they like before buying. Costco Western Restaurant is similar to IKEA. It provides hot dogs, pizzas, beef rolls, soups, ice cream, lattes and drinks with unlimited refills. Many consumers can have lunch or dinner here when they are tired.