Where Will Costco Be in 10 Years?
The warehouse retailing concept is relatively young, having been around since just the early 1980s. But in that span of 30-odd years, Costco (NASDAQ: COST) used its subscription-club approach to become the world's second largest retailer behind Walmart (NYSE: WMT), with $150 billion of sales helping it generate over $3 billion in profits in 2018.
That huge revenue base is a key competitive advantage today, but it also means Costco investors can't expect anything like that blazing level of growth. In addition, consumers are changing how they shop in ways that might hurt the bulk purchasing concept. Still, the warehouse giant has all the right ingredients to remain a massive force in retailing for at least the next decade.
Image source: Getty Images.
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