Consumer demand for basics like food and cleaning supplies is persistent, but it's not like selling these goods is a high-growth business. Indeed, retailing tends to be a slow-growth industry. Most retailers' stocks perform accordingly.

There are some exceptions to this norm, however. Club-based warehouse retailer Costco Wholesale (NASDAQ: COST) is one of them. It's been a star performer since the 1990s, and there's room for more of the same going forward.

Costco stores offer many of the same products sold by competitors like Walmart or , but with one glaring exception. That is, only paying members of the club are permitted to shop at Costco. The annual fees start at $60 per year, but they can grow quickly with the addition of more perks and authorized users.

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Source Fool.com