Ben Gilbert: belief

Transcript context

…Right, 30 days. There are two unique things that enable them to do it. One is this warehouse model, where things are instantly available for sale, customers come right to the place where they were dropped off. Not quite anymore, and we'll get to that later. But at Price Club, that's definitely what it was, and grab stuff right off the pallet. The other thing that makes it all work is to this day, Costco has kept their SKU count very low, SKU being a unique item that a store has for sale. I think, David, you mentioned before, about 3000 at Price Club is what they had available for sale. If you look at a Walmart today, they have something like 100,000–250,000 different SKUs that they sell. Super Centers, indeed.…

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