FMI Daily: Behind Costco's $1.50 Hot Dog-Soda Combo Strategy
Costco's decision to maintain the $1.50 price tag on its hot dog-soda combo is a strategic marketing move to attract and retain customers, and the retailer has offset the bargain-priced offering by finding ways to reduce costs and raising the prices for other food court items. The recently added $2.49 double chocolate chunk cookie is a "continued success," says Chief Financial Officer Gary Millerchip.
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