For those of you on Punaweb who prefer bicker free posts, here’s an update on why Costco will probably not open a new store in Hilo in the near term. I spoke at length with “a guy” who works at Costco about the possibility of a store in Hilo. Costco management has said when a store reaches $350,000,000 in sales per year, they look into spinning off a new location nearby. Sales figures at individual stores are not published, but I was told that Kona “will probably” hit that number this year.
HOWEVER:
* The Kona store cannot find enough workers to fill all the open positions there, so opening in a Hilo could stretch them even thinner
* Land - convenient, desirable location was not available last they looked into it
* Resistance - management perceives that entities in East Hawaii will create roadblocks to a new store because it would interfere with existing mom & pop stores
Costco announced today membership prices are going up. Renew as soon as you can. When the announcement was made after hours trading sent the stock $20-$25 per share higher.
No, I cannot reveal the name or title of my source, the information was provided in confidence.
REMEMBER:
Welcome to Costco, I love you. (Idiocracy)
X Are you bickering? Are you bickering? There’s no bickering in Costco! (Paraphrasing A League Of Their Own)
Arguing OK
X Please, remember, no wagering.