An excellent report on the evolution of Payment embedded loyalty & memberships
Category: Loyalty
Source;
– 10K – https://t.co/oPS6bCKtxb
– https://t.co/Yxr3VblLsP.— Abhay 🇸🇬🇮🇳 (@Abhay08)
Mar 27, 2024
Costco’s Revenue from membership fees is a whooping $4.5B
– All membership discounts inclusive, it enjoys 10.6% gross margin on commodity goods
– membership fees constitute 72% of the company’s profits!!
– member renewal rate ~90%— Abhay 🇸🇬🇮🇳 (@Abhay08)
Mar 27, 2024