Here's Why the Best Is Yet to Come for Costco Wholesale Corporation
During the so-called Retail Apocalypse, Costco (NASDAQ: COST) has quietly continued to advance its business.
The warehouse club has not been negatively affected by the growth of digital retailers, In fact, Costco has shown that it can co-exist with Amazon.com (NASDAQ: AMZN), with neither company hurting the other.
Research from GfK, which eMarketer first reported on, showed that the people willing to pay Amazon $99 a year for Prime's free shipping (and other perks) join warehouse clubs such as Costco in higher numbers than non-members do. In fact, 45% of Costco members are also Amazon Prime members, according to an October report from Morgan Stanley covered by The Seattle Times.
Source: Fool.com
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