Costco Wholesale Corp (COST)

[AugustStockInformer]

Merger with Alibaba?

Interview with Richard Galanti the CFO:
https://www.twst.com/interview-evp-cfo-director-costco-wholesale-corporation-nasdaqcost/

TWST: In 2014, Costco opened an online store in China via Alibaba. How is that going? What are future plans to evolve Costco to meet the rise of online commerce?

Mr. Galanti: First of all, our online e-commerce business worldwide is a little under $4 billion. In the past several years, it’s grown in the mid- to high-teens year over year. It is still small as a percentage of our company, less than 4% of our $100 billion-plus business. In terms of Alibaba Tmall, we are offering approximately 160 items on the Tmall site. Many of them are private-label Kirkland Signature items, and it’s been a success thus far.