Dev stoked on .NET, Umbraco, IoT, iOS, killer front-ends, heavy metal, horror, and pizza. Co-Founder @hearolife | @sgfdevs President | @methodconf Organizer
Say what you will about jQuery. But.. damn is it oddly refreshing to make a quick update to some a 5+ year site and not have to worry about dependency and versioning hell. Yeah, I said it.
Is there not a native macOS app like Grammarly, ProWritingAid that actually has a pleasant UX? For example, keep the floating UI hidden until entering a key shortcut, or text highlight/right-click context.
That'd be GOLD!
I really think tinkering with electronics is a good skill for web dev to have.
Today we released our Electronics for Beginners podcast - covering volts, amps, watts, resistance, wire gauge, microcontrollers and more.
https://t.co/44RwqeTZAK
The Costco hot dog combo is a legendary meme.
But how does it still only cost $1.50? Introduced in 1985, the price of that combo should be ~$4.20 if adjusted for inflation.
Thankfully, the $216B warehouse retailer has done everything in its power to keep the price down.
And Costco sells A LOT of them: 130m+ hot dogs a year (more than all MLB teams combined).
Many believe the $1.50 combo is a “loss-leader” for Costco, but this is incorrect.
In a 2009 interview, Costco co-founder and former CEO Jim Sinegal told the Seattle Times that Costco doesn’t “engage in loss leaders” and “the only time we sell below cost is when we’ve made a mistake and have to mark it down”.
However, the retailer does cap its margin at 14% and drives many products to near break-even.
Here’s how Costco has managed to keep the cost of the inconic hot dog combo at $1.50:
1️⃣It dropped leading hot dog suppliers like Hebrew National and Nathan’s because they wouldn’t lower prices
2️⃣In 2009, Costco built its own hot dog manufacturing plant in LA (and has a second one in Chicago)
3️⃣ It got better pricing on buns, ketchup and mustard
4️⃣ It removed onions and sauerkrauts as free condiments
5️⃣ It dropped Polish sausages
6️⃣ The pop that came with the combo was swapped from a can to refillable fountain soda
Costco’s effort to keep hot dog prices low is also the source material for the greatest quote in business history.
In 2018, the current Costco CEO Craig Jelinek was recounting a conversation he had with Sinegal, who he just replaced as CEO.
Jelinek told Sinegal he wanted to raise the price of the $1.50 hot dog and pop combo.
Sinegal shot back, “If you raise the [price of the] f**ing hot dog, I will kill you. Figure it out.”
Costco has figured it out and, in September 2022, the company’s CFO Richard Galanti confirmed that the hot dog combo would remain at $1.50 despite rising inflation.
“There are some businesses that are doing well with margin like gas business on a smaller way -- in the travel business,” said Galanti. “Those things help us be more aggressive in other areas, or as you mentioned, hold the price on the hot dog and the soda a little longer, forever.”
Forever sounds about right.
@ripfish@jjordy@darylginn 🤬
I wish to know more about how this problem has reached such a fever pitch. It’s nearly impossible to imagine that the ad revenue from sites with abysmal experiences actually results in a net gain vs a tasteful ad experience. Absolutely mind blowing.
@ripfish Found it to be pretty dang awesome. Just the right amount of usefulness to take the pain out of animating and logic juggling, while leaving in tact the ability for full customization and also plays nice with responsive images out of the box and no framework expectation. Big fan!