Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Shipping Pass

Grocery Wars

Citi Sends Costco Members False Cancellation Message

This is certainly an opportunity for Walmart Stores Inc. (NYSE: WMT), which owns Costco’s biggest competitor Sam’s Club. Sam’s Club now takes American Express in an attempt to lure Costco members.

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Thrift

Items You Should Buy From Amazon

Buy direct from merchants through Amazon. Many merchants sell directly through Amazon rather than the fulfillment centers. The big advantage to buying direct is that many of these sellers offer free shipping on all items. Office supplies in particular are far cheaper purchased this way.

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Market Insanity

Costco Members hate Citibank’s New Visa

Citigroup received more than 1.5 million customer-complaint phone calls about the Costco Everywhere Card during the first two days of the roll out; June 21-23, Bloomberg reported. Costco also took a lot of heat; with its Facebook page filling up with complaints about the Visa product.

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Long Ideas

Will Shipping Pass Add Value to Walmart?

In my rather unscientific test and examination of Walmart’s Shipping Pass, I discovered some serious problems with the system. A major flaw I noticed was that items were shipped from stores, long distance. For example the sunscreen was shipped from Idaho to Memphis and back to Colorado.

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