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W. Jelinek

Company Advisor & Director, Costco

Search every verified W. Jelinek interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Costco CEO Craig Jelinek has stated that the company is seeing a significant increase in younger members signing up, though he noted that their initial purchasing power is lower than that of older generations. He has emphasized that Costco operates as a "volume company, not a margin company," a philosophy he said has guided the business for 40 years. Jelinek has also highlighted the company's strategy of offering high-quality goods at low prices, citing items like a $2,000 bottle of wine and giant plush teddy bears as examples of "exciting merchandise" that drives the brand. During the COVID-19 pandemic, Jelinek observed strong sales in food, electronics, and home goods, while travel and gasoline businesses declined. He expressed confidence that brick-and-mortar retail would remain important and noted that membership renewal rates remained around 91%. Jelinek has also discussed the company's approach to employee compensation, stating that Costco aims to pay high wages and offer good benefits while maintaining profitability.

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Recent appearances

  • Costco CEO Craig Jelinek: We're seeing more young people sign up for memberships

    Costco CEO Craig Jelinek joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the impact of inflation, continuing digital integration and more. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on Linked…

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  • Costco CEO discusses the retailer’s giant plush teddy bears

    #shorts Costco CEO Craig Jelinek gives Yahoo Finance Editor-at-Large Brian Sozzi the scoop on the retailer’s giant 93 inch plush teddy bears in this interview from December 5, 2022. Costco Wholesale has been named as Yahoo Finance’s Company of the Year for 2022. Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE:    • Elizabeth Holmes: 'Valley of Hype' [p...   Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social int…

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  • Costco CEO: ‘We’re a volume company, not a margin company’

    #shorts Costco CEO Craig Jelinek discusses the key to success in the retail giant’s business with Yahoo Finance Editor-at-Large Brian Sozzi on December 5, 2022. Don't Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE:    • Elizabeth Holmes: 'Valley of Hype' [p...   Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subs…

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  • Costco CEO: Still see continued extra buying into next year

    Shares of Costco are up 27 percent so far this year as the company's e-commerce business soared during the pandemic. Craig Jelinek, Costco CEO, joins 'Closing Bell' to discuss the lessons learned during the pandemic on covid business and his forecast for the business post-pandemic. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock mark…

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  • Costco CEO: High wages, high volume drive results for Costco shareholders

    "Mad Money" host Jim Cramer chats with Costco CEO Craig Jalenik about the membership warehouse retailer's business model has translated to higher stock prices. Charging low prices, moving large amounts of volume and paying high wages are all components in Costco’s secret sauce to return value to shareholders, CEO Craig Jelinek told CNBC in an interview that aired Tuesday. The stock has risen almost 110 points within the past year. An Oppenheimer analyst upgraded the stock earlier that day, assessing a double-digit rise ahead. “One of the things about low prices, you generate a lot of volume…

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  • Costco CEO shares tips with Clark Howard to help you save money

    Costco CEO Craig Jelinek gave Channel 2 Consumer Advisor Clark Howard a tour of the Washington headquarters. Read more: http://2wsb.tv/2fTc8E5

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