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.@ericries explains why former Costco CEO Jim Sinegal refused to raise the price of everything in the store by $.03, despite the fact that Costco knew it would
AI News • 2026-06-22 15:15 UTC • By Billy Odell Tucker-Robinson
.@ericries explains why former Costco CEO Jim Sinegal refused to raise the price of everything in the store by $.03, despite the fact that Costco knew it wouldn't decrease sales, and would increase their net income by 50%:
"He says, 'It's like the business equivalent of taking heroin. You do it on…
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