Costco's Unorthodox Strategy To Survive The Big Box Apocalypse
JCPenney, Sears, Best Buy, and more are shuttering stores and recasting their strategies.
“They were hit by a perfect storm of competition from the Internet and supermarkets,” Steve Brazier, CEO of market research firm Canalys, said in a report last year.
Even mighty Walmart, once indispensable, recently admitted that sales were suffering.
Yet
Costco's founder Jim Sinegal credits the company's unusual business
Sinegal, whose company has been called the "anti-Walmart," invests in employees and limits the items he sells.
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