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Costco

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:Business and ManagementCostco Case Study RecommendationCostco was the td largest retailer in the United States and the eighth largest in the world. They have a similar strategy like the other wholesale industry stores of selling top-quality merchandise at lower prices than other stores.To sustain the company’s growth Costco needs to keep adding stores every year. They make more money in memberships per year than they do in net sales. Where they add the new stores is important. Adding more stores internationally could increase market shares and make them more powerful. It would also increase the currently 10% operating income for stores outside of the United States. London, India, and Japan are good places to add stores. They could also stores internationally close to where other wholesale stores are currently located for competition.Also to improve the company’s financial performance they need to add new store services. They cannot rely on only memberships to keep them in the black. A great goal to have is to make sure all stores have a fueling station right outside the store. They strategically place all of their stores in high traffic areas so a gasoline station with all of the stores is a vital move for the future. Adding services like check cashing, money gram and ATM’s will boost financial performance also. Since they do not accept all credit cards, acquire a way to get money to pay for the items they are going to purchase in one place is a great tool for a one-stop-shop.View Full...

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