Sioux Falls Business Journal Report: October 1 - KSFY News - Sioux Falls, SD News, Weather, Sports

Sioux Falls Business Journal Report: October 1

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The cover story in this week's Sioux Falls Business Journal looks at Costco Wholesale Corp, which opens its first Sioux Falls store this Thursday at 8 a.m. Costco is the country's second largest retailer and it has a business model and track record in retail that are quite unique. The article looks at Costco the company, which one national business magazine earlier this year dubbed as "the cheapest, happiest company in the world."

The business model is no frills – they use a big, basic warehouse. But their pay and employee satisfaction ranks among the highest in retail. We'll look at the secrets behind Costco's success in tomorrow's cover story. And if you can't wait for that, go to where you can find a video tour of the new store.

Another topic people have been talking about is the Pentagon and the Sanford Sports Complex. The SFBJ outlines several developments occurring out there. The first restaurant, Beef O'Brady's, is now open. So is the hotel – a Fairfield Inn and Suites by Marriott. It even sold out last Friday. The Pentagon itself hosted its first big event over the weekend, a volleyball tournament.

Tomorrow's business journal will also introduce you to the eight founding corporate sponsors of the Pentagon, the so-called "elite 8". The journal will look look at who these companies are and what they received in return for their sponsorship.

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