Walmart switch to electronic price tags making more sense now, to quickly manipulate prices on every taco maneuver
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This is how they transfer wealth from consumers to corporations
We pay the tariffs Corporations get the tariff refund
Trickle up economics as usual
From the article:
In May, on Costco's earnings call, Chief Financial Officer Gary Millerchip told investors that about a third of Costco's sales in the U.S. are imported products. Millerchip said items imported from China represented about 8% of total U.S. sales.
Millerchip said that while Costco was seeing a direct impact from tariffs on imports of some fresh food items from Central and South America, it decided not to increase prices "because they are key staple items" for its customers.
Some of those fresh food items included pineapples and bananas. "We essentially held the price on those to make sure that we're protecting the member," he said.
In September, Millerchip told analysts: "We continue to work closely with our suppliers to find ways to mitigate the impact of tariffs, including moving the country of production where it makes sense and consolidating our buying efforts globally to lower the cost of goods across all our markets."
That’s great but only represents Costco. I purchased a lot of things not from Costco that had explicit tariff surcharges on them
Ok? This article is about Costco
It’s also generally about corporations receiving the tariff refunds and not us
No. That's what we call "hijacking the thread", which is just plain rude.
¯\_(ツ)_/¯
The article literally says Costco is just the latest company to file suit and lists a bunch of other companies too
The article is literally about Costco. They throw in a single line at the very end about some other companies.
Yes it’s about Costco filing suit to get a refund for the tariffs they paid, just like every other company that filed the same suit as mentioned
It is not just about Costco it’s about corporations suing the government to get tariff refunds
So, the focus is the article is ...the brief side note where they mention the other companies??
What the fuck ever, dude.
༼ つ ◕_◕ ༽つ
If you look at Costco's actions in the past they have been pretty fair for their customers. Costco is actually in a very good position where they know exactly who bought what and Costco can issue refunds to their customers based on that data. Even if they just do it as 'store credit' it would still be very welcome to most of their customers and that would help to offset Costco's administrative costs of determining the refund amounts for everyone.
I've also heard that costco doesn't suck to work for as far as retail goes and many will actually work most of their career there.
Fwiw the people seem cheerful enough. At least not dead inside like Wal mart or any other big chain.
My stepson works for Costco. They are a fantastic employer compared to other retailers. They also do legitimately promote from within, including for business office professional positions.
I can speak from experience when I say this, Costco is great to the warehouse workers, they treat IT like shit.
I like Costco as much as the next person but they will absolutely not be refunding us based on what we purchased lol
I’ll happily eat these words but im fairly certain I won’t have to
The article states that on a bunch of items they’ve just been eating the cost so they’ve been paying the tariffs instead of passing them on. For those cases, there is nothing to refund to the consumers.
Yeah but it doesn’t state they’ve eaten the tariffs on everything just certain staple items
Nah as it stands, costco is a bro.
Used to be then they became one of the worst customer service sites to visit. I hate Walmart and Sam's club with a passion, but damn if their denial of my kids to run inside and go to the bathroom while I got gas pissed me off to no end.
This is what I hate about these places. You need your membership card to check out. All the items are too big to fit under your coat which thwarts shoplifting to some degree.
Why the hell do you need to see my card at the door? Just put a scanner with turnstiles at the front of shop if it's that big of an issue.
Sam's club understands this. And frankly it's refreshing.
Probably not, but they did state last year that the extra money they made from the gas station (they kept it competitive with other places) was used to keep the yearly “admission” price the same.
Maybe. It depends on if they raised prices first to capture the losses. I know that seems like what a business would do first and what everyone predicted, but did they?
If it's true, then Costco just needs to give away free hot dogs meals (drink and side) to their patrons for a year.
What do you think quoted price means…? That’s the risk you take when you quote stuff and prices change within the time they accept it.
Lots of material goods change prices daily.
Not holding up your original quoted price is how you lose business and your business in general. You seem to think that you can just choose to not hold up your end of the agreed upon contract? Yikes.
But hey, such a good business doing what you originally agreed to!
There's a difference between lamenting the reality of honoring a quote after things change and wishing you didn't need to. They're saying they wish the government would pay them back for the tariff, not that they wish they could've passed it on to the customer.
So they want the government to fix a regular issue with quoted work…? The price is expected to change, that’s why you quote to begin with…. It’s likely they don’t even know how their system works.
That’s even worse lmfao.
It’s quoted work, it’s volatile already, and the customers game it if they know the material goods in going down. Don’t like it? Don't quote work. It’s not even a relevant detail to their gripe, just bitching for the sake of bitching at this point.
The price would be different with or without tariffs, but complain without realizing how the system works I guess.
Going through my past three days of comments and down voting them all doesn't help your argument.

They aren't just saying "wahhh government, pwease pay the difference of this quote" they're specifically replying to a thread about a company suing the government for tariff reimbursements and talking about a tariff making the price go up after the quote.
Fucking LOL, they responded and guess what, you were wrong! What a shocker!
https://lemmy.world/comment/20811506
You know what they say about assuming? Makes an ASS out of you and me, but you’re the only ass here, but that’s also not surprising. Since you’re just a petty little troll.
Did you miss the detail about the VENDOR increasing price? Their build cost went up, not the price. This would happened irregardless of tariffs, and is expected.
I guess if you ignore details they specify, you could take that from their comment.
But again, person is just bitching for the sake of bitching, the provided details show they either don’t understand how the system work, or just bitching.
They want to applauded for doing what they agreed to, it’s bloody laughable. As a small business owner myself it’s attitudes like this that make the rest look bad.
As a small business owner myself it’s attitudes like this that make the rest look bad.
After going through three days of my comments to down vote them all, you don't need help making yourself look bad. You handled that quite well yourself.
Ah yes, downvote a couple stupid comments you’ve made and suddenly I went through “days”.
How petty and sad is it that you even went and looked lol?
How petty and sad is it that you even went and looked
Coming from the person who just admitted to going through days of my comments to down vote them.
Also, for those watching from home, it was over a dozen comments. Not "a couple."
lol, seriously? Do you check your comments religiously to see how they are being voted on? This has to be the saddest thing I’ve seen online in long while.
Mind you, from your comments we can see that you’re just an incredibly aggressive person and frequently get downvoted. So of course you would want to know who it is and harass them.
You’re exactly the reason public logs are an issue. You think every thing is a slight against you. Don’t say stupid shit, don’t get downvoted, what a shocker.
lol, seriously? Do you check your comments religiously to see how they are being voted on? This has to be the saddest thing I’ve seen online in long while.
It's very funny to me that you do something petty and get caught, and your only defense is "oh yeah? Well it's actually sad that you noticed I did this."
Mind you, from your comments we can see that you’re just an incredibly aggressive person and frequently get downvoted. So of course you would want to know who it is and harass them.
The passive aggressive thing going on is harassing me by down voting all my posts. You're just upset that you got caught.
You’re exactly the reason public logs are an issue. You think every thing is a slight against you. Don’t say stupid shit, don’t get downvoted, what a shocker.
Obviously you think public logs are a problem because you got caught being petty and passive aggressive.
The article states that Costco did not raise the prices on food staples imported from Central America.
Isn't corporate profit at the expense of the consumers like ... the whole point of capitalism?
I came here to post this article. Glad I searched before posting. Dear Costco, please fuck the Trump administration anally with the barbed wire wrapped dildo of courtroom justice.
Are you one of those people that thinks the Epstein files are going to bring Trump down too? Whem you own the justice system it just lies there and licks your filthy taint.
Good on Costco but at best this will maybe minimize the number of card carrying klan rednecks that shop there and thats about it.
"reciprocal tariffs"
He just pre-reciprocal-ed the tariffs before the other countries.
Tbh that’s pretty based. Solid move, Costco.
But also, why are the the first large company to do this?
They're not. Read the article. Or at least the first line of the summary.
From the bottom of the article:
Global cosmetics giant Revlon, eyeglass maker EssilorLuxottica, motorcycle manufacturer Kawasaki, canned foods seller Bumble Bee, Japanese auto supplier Yokohama Tire and many smaller firms have also filed similar suits.
That probably does make Costco the most "known" company to sue.
EssilorLuxottica might be "unknown" but it is the eyeglass maker with a functional monopoly on the industry and parent company to the many better known 'companies' such as: Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, LensCrafters, Pearle Vision, Sunglass Hut, EyeMed etc.
I'm aware, I was just pointing out that Costco is more of a household name (and much larger company).
Costco is apparently the third largest retailer in the world. . So it's a slightly bigger deal when they sue over the tariffs.
That probably does make Costco the most "known" company to sue.
Revlon and Kawasaki are well known international brands....
I didn't say they weren't known, just that Costco is certainly the most known (for the US). If you just look at revenue Kawasaki has 5% of the footprint of Costco and Revlon hasn't posted anything since it's bankruptcy in 2023 (from what I could find). Revenue might not directly relate to if a company is a household name, but I think it gives a general sense.
Also, I was just noting that Costco is a bigger name. All the companies listed are notable.
Fuck yeah Costco!
Don't celebrate just yet. Costco will likely take the money for themselves and not do a damn thing for their members.
And they deserve to take the money for themselves since they ate the cost of the tariffs.
What do you expected them to do? Go through every single transaction that has happened since the start of this stupidity and distribute it?
What you need to worry about is how much of that tariffs tax will come out along with the interest cause no company is not going to take no interest.
Now imagine every single company requesting their money plus interest. Lol.
They could easily refund customers as they have the data of every member. But what is more likely is they can discount your membership based on how much you purchased.
I'm with the first guy, but one option might be to give everyone the same gift card based on average the consumer cost. Something would be better than nothing.
If Costco doesn't refund the tariffs to customers, instead bringing back the Kirkland beef lasgana and big muffins, I would be alright with that. The last three or four years had some shrinkflation and loss of variety at Costco, which disappointed me.
While Costco is still one of the best stores to shop at, the American decay is still touching them. It doesn't feel good.
It has been an evolution at my store: Big lasagna for the last few decades, then a twin pack of smaller ones the last three or four years, and now this flavor is simply gone.

They will pass the cost on to the next Democrat administration, and then blame the Democrats for all the costs.
It’s gross that I have a single good thought about an abomination like Costco. It’s like cheering for Franco to overthrow Hitler.
Why are you opposed to Costco? My understanding was they're one of the few ethical businesses. Costco has stayed committed to inclusiveness unlike Walmart/Target; and has a good relation with their union. The only strike against them I heard of was them no longer stocking Plan B, but I think that's more because it's a prescription drug in a big-box retailer. Their model of bulk-packaging at a discount should be real valuable for struggling USAmericans, especially families.
one of the few ethical businesses.
Unfortunately, while they ultimately capitulated to the union at the last minute, they were still pulling union-busting shit like this in the run up. Costco isn't magically the one moral business, they're just broadly less openly shitty to their workers than other warehouses (amazon, target, etc.). They're also a lot better about PR than most of the other big companies, which is why most people never hear about this but everyone has heard about the "don't change the price of the hotdog" thing.
Bro some people just love to hate. These are the same kind of people who think Bernie Sanders is a traitor to the left for not bad mouthing Biden or some. They can't see a good thing and appreciate it for what it is.
The notion that Costco is providing a benefit to families is grotesque. They were just in on the ground floor of destroying our socio-economic fabric. A world full of Costcos is just a different capitalist hellscape.
I’m basically done with the “better is better” argument…it’s a false dichotomy. It’s why I compare Costco to Franco: at least Franco didn’t do a holocaust.
ELI5: What so you mean by “better is better”? And what is it about Costco that is so bad?
Sorry, I’m referring to the “better is better” argument many so-called liberals make: where we’re presented with a false choice and make apologies for one of the bad choices. Democrats v Republicans is an example. In this case it’s Destructive capitalism v Nuclear Capitalism. I just can’t say nice things about Costco because they’re part of the continuum of late stage capitalism that lead to what we’re seeing today.
Franco did do the Allies a bit of a solid by not hooking up with Hitler. Britain would have lost Gibraltar and then all of the Mediterranean and the Middle East. Hitler wouldn't have needed to waste so much military strength in the theater and could have concentrated more on the Soviets (and started Barbarossa earlier in the year). Even their fucking jets would have worked a lot better.




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