Costco Has Made 3 Big Changes Over the Last Year, Including a New Perk That's Dividing Many of Its 79.6 Million Members

Retail is one of the largest industries on the planet, but it's also highly competitive. According to Mordor Intelligence, the global retail market is forecast to expand to $27.3 trillion this year, with an annualized growth rate topping 6% through 2030.Despite the razor-thin margins often associated with retail sales, the rewards can be lucrative for the businesses that stand out, such as Amazon, Walmart, and Costco Wholesale (NASDAQ: COST).But what makes these three retail leaders successful is their dynamic operating approach. They're constantly innovating in their own unique ways and finding new pathways to boost sales and keep customers loyal to their ecosystem of products and services. This is especially true for warehouse club Costco, which has made three sizable changes over the last year, including a brand-new perk that's dividing many of its 79.6 million paying members.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool