Costco is opening in New Orleans and that is a very big deal. It is one of many stores coming into New Orleans with Panera Bread having opened and Tiffany's scheduled to open. To me this is a very good sign that business's consider New Orleans to be not just coming back from Katrina but looking forward a place they want to do busines. This is about COSTCO because this is a great company who treats their employees with respect. They are bringing 200 jobs and had to stop taking applications when they had reeived 16,000.....New Orleans is not just Mardi Gras, the Jazz Festival and the French Quarter people live here day to day too.
Is Costco just another big warehouse shopping type store or is there some reason I might want to shop there. Yes, there is a reason you would want to shop at Costco. The corporate culture is the reason. Costco refused to reduce their employee’s salaries during the downturn in the economy and they pay their employees well. 88% of their employees have health insurance. Don’t you want to support a company that cares about the people that work for them? Some others things to know:
- Costco is the second largest retailer in the United States second only to Walmart
- There are 627 Costco warehouses around the world
- Sales have grown 39% over the past five years
The City of New Orleans Office of Economic Development has been helping potential employees with applications and information. They expect 5000-8000 appplicants for 200 jobs.
A membership in Costco costs $55.00/year and they make their money on the memberships rather than the mark ups on the products they sell. The opening of this particular Costco in Orleans Parish means that people can spend their money in Orleans Parish and help the City with taxes. It’s a win-win.
Business Week had a featured article about Costco last month, The Cheapest and Happiest Company in the World, if you want more details.
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