33 pages, Feb 2017
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Costco Wholesale Corp (Costco) saw strong growth over 2011-2016, underpinned by rapid outlet expansion, slowly improving online sales and above all a very good offer of low price, high-quality products. The fact that it competes in a channel where it is frequently alone – in Japan, for example, it held 100% of sales in warehouse clubs in 2016 – is also a clear competitive advantage going forward
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