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3 Big Numbers: Costco's fueling ambitions [Yahoo! Finance]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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3 Big Numbers is a weekly column that looks at a few key details from around the c-store industry. While Costco has offered gas alongside some stores since 1995, news last week that it plans to open its first standalone gas station drew a lot of attention. The location in Mission Viejo, California, is expected to feature a 17,185-square-foot gas canopy with 40 fueling positions. It's unclear if Costco is planning to test more such locations, but if it does, the impact on c-stores, which sell about 80% of all fuel as things stand, could be significant. In this week's “3 Big Numbers,” we dig into why Costco's latest fuel announcement is such a big one for the convenience retail industry. The average difference between Costco fuel prices and market rates in California. One of the main reasons so many people fuel up at Costco is the members-only pricing. Like the fueling sites offered at its warehouses, the standalone gas station will also require customers to be Costco members
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- Target vs. Costco: Which Discount Retail Stock Offers More Upside Now? [Yahoo! Finance][Yahoo! Finance]
- Costco Wholesale (NASDAQ:COST) was upgraded by analysts at Northcoast Research from a "hold" rating to a "strong-buy" rating.[MarketBeat]
- Costco makes shopping smoother for members [Yahoo! Finance][Yahoo! Finance]
- Costco Wholesale (NASDAQ:COST) was given a new $1,100.00 price target on by analysts at Northcoast Research.[MarketBeat]
- This one Costco item has skyrocketed 108% in price over just 2 years. Now the retail giant is restricting purchases [Yahoo! Finance][Yahoo! Finance]
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