Reply to Do you mind gifts from Costco?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've never bought anyone a gift from Costco. Different class/wealth circles, I suspect.[/quote]

There’s a specific % of Costco card members who are millionaires. It’s high too[/quote]

Costco's core customer is well-educated and affluent. It's particularly popular among the well-educated and affluent in places like Silicon Valley.

[/quote]
Ha! I was first introduced to Costco in HS when staying w a boarding school friend whose very wealthy father was HS legacy, legacy double-HYP, and joined a very major Silicon Valley tech company when the stock price was just pennies. Makes sense that early on it would appeal to rich, practical nerds with storage space who didn’t care about appearances![/quote]

My sibling who is an early FAANG employee loves Costco. Their local Costco in Northern CA is like a gathering place for tech rich people, and that location has amazing stuff. It's apparently where a lot of the big ticket items are introduced. 
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Smart and wealthy people aren't hung up on what store something of quality is from.  And they know it's dumb to pay more for something when you can get it at a lower price.

-FAANG employee[/quote]

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