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"But giving away the razor and the blades in order to make money on a subscription loyalty program as a way to sell everything else?"

As reported by CNBC in a recent special about Costco apparently all of Costco's profit is from their annual fees and they claim they break even on actual product sales.

Here's an article about that from a different news source:

http://abcnews.go.com/blogs/business/2011/10/costco-increase...




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