Costco's hourly workers are getting a raise — read the CEO's memo

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A Costco warehouse in Wisconsin.
Costco's starting hourly wage for many positions is now $19.50.

Dominick Reuter/Business Insider

How Costco became the king of bulk buying starting out selling only to businesses out of an old airplane hangar

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Costco shopper
Sales at Costco rocketed from zero to $3 billion in less than six years.

STR New / Reuters

Gen Z's latest hot club is Costco

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A Costco Wholesale store in Colchester, Vermont, on November 13, 2023.
Costco and Sam's Club have become destinations for Gen Z shoppers who want to save money.

Robert Nickelsberg/Getty Images

Costco had 100-gram gold bars for $7,600. They sold out in less than a day.

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The 100-gram gold bar on Costco.com
100 grams is a lot of gold, and Costco sold out of these bars in less than a day.

Costco

I've worked at Costco for 18 years. Here are 10 of the best things I'm seeing on the shelves this month.

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A hand holds a black box with images of small chocolate- and hazelnut-stuffed churro pieces and two cinnamon sticks on it
Costco has plenty of great items this July.

Veronica Thatcher

Costco has changed the packaging of its $4.99 rotisserie chicken — and some shoppers are voicing their annoyance

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Kirkland brand rotisserie chicken from Costco, shown in plastic food service bag following a major change in packaging, Lafayette, California, April 18, 2024.
Costco has gradually been switching the packaging for its rotisserie chicken to plastic bags.

Smith Collection/Gado/Getty Images

I compared Sol de Janeiro's $48 Brazilian Bum Bum Cream to the Costco dupe. The latter is ⅓ of the price, and I prefer it.

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sol de janeiro's bum bum cream and a 2-pack of cotsco's bum bum cream dupe
Sol de Janeiro is known for its Brazilian Bum Bum Cream, but there are supposedly cheaper dupes.

Meredith Schneider

I pay for Costco's $120 executive membership even though I only shop for 2. Here are some of my favorite things to get for easy meals.

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Fridges filled with black boxes with images of ramen with chicken and vegetables on packaging
I pick up easy meal items from Costco's frozen and deli sections.

Dominic Bucca

People aren't spending like they used to and it's forcing companies like Nike and Walgreens to make drastic changes

Tech Insider : Economy
Discount signs
American consumers are getting tighter with their wallets and pickier about deals.

Vickie Flores/In Pictures via Getty Images

Sam's Club is winning over Gen Z shoppers with convenience, and that could spell trouble for Costco

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Sam's Club scan and go
Sam's Club CEO Chris Nicholas said the Walmart-owned company has grown its Gen Z membership by 68% in the past two years.

Mary Meisenzahl/Insider

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