Why Costco isn’t worried about cannibalisation of sales

Costco, the world’s third-largest retailer, after Walmart and Amazon, has built its success around a US store fleet that was seen by many, including the company’s own leadership, to be a declining growth engine. The stores are mammoth warehouses requiring a lot of land, and in the US they were nibbling at one another’s sales, or to put it quaintly in the American way, they were cannibalising one another. The focus had to shift to international, so the thinking went. That thinking has now c

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