Here how Costco keeps its legendary hot dog at $1.50
[Outliers] Sol Price: The Godfather of Costco, Walmart, and Modern Retail
Robert E. Price (source book author)fs.blog![Thumbnail of [Outliers] Sol Price: The Godfather of Costco, Walmart, and Modern Retail](https://d1l054mla94ehg.cloudfront.net/media/images/thumbnails/curation/f673b2f707cf48658768233423294dac/thumbnail.jpg?height=75&dpr=2)
Membership
After law school at the University of Southern California, Mr. Price started his career representing grocers and other merchants. With the temperament of a shopkeeper who obsesses over his customers and fusses over the smallest of details, in the 1950s Mr. Price began converting empty San Diego warehouses into members-only bazaars where
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The Costco hot dog combo is a legendary meme.
But how does it still only cost $1.50? Introduced in 1985, the price of that combo should be ~$4.20 if adjusted for inflation.
Thankfully, the $216B warehouse retailer has done everything in its power to keep the price... See more