More proof came in the latest Glassdoor survey. Its list of the 25 best companies based on compensation listed Google (GOOG) at No. 1 and Facebook (FB) at No. 3. Costco was No. 2 and was the only retailer on the list.
That doesn't mean Costco pays as much as Google. The results are based on surveys of employees. It means Costco employees are nearly as satisfied with their treatment as those at Google.
Employees may be happy today, but investors are not.What's Costco's secret?" The secret comes into focus when you compare Costco's results with its closest competitor, Walmart's (WMT) Sam's Club, which came in a few weeks ago.
In its latest quarter, Costco, on the other hand, logged overall same-store sales growth of 4%. The simple implication from this is that many people are driving right past Sam's Club outlets to go to Costco. I do it all the time. The question Wall Street never asks is why.
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