Tell that to my friend who is a DM, he's been working for Costco since the Price-Club Costco Merger. He was so proud to show me he had over $3+ million in stock(at Costco $190). Interesting how heavy concentrations of investments from employees starting as cart-grabbers builds wealth over thirty five years. Since when has Costco been Unionized, I thought only their truckers were part of the Teamster.
Costco, the U.S.'s second-largest retailer and a consumer spending bellwether, announced a monthly sales increase of 12% yesterday as shoppers stocked up for pandemic lockdowns. That figure would've been a blockbuster result in normal times, but it was lower than analysts' projected 24%. Dig deeper into the results, as Fortune's Phil Wahba did, and you'll find wider warning signs about the fallout of measures many retailers are taking to limit COVID-19 spread. Fortune
