[jhynesrockmtn]

I was part of Costco's audit team at the start back in the 80's. At that point and for many years they catered to local small business and over 70% of their sales were wholesale. I don't know what that mix is these days. My stepson works there and is convinced on line shopping will eventually kill them unless they adapt to improve their on line experience and even that may not help. I think he may be overstating things. Their warehouse real estate model is pretty low cost unlike the big mall model with very expensive buildings to maintain.