Costco is outperforming competitors in an industry dominated
by only three major companies
Hypermarkets and super centers, a sub-industry within the
food and staples retailing industry, comprises large retailers that buy food
and staples from manufacturers around the world and sell them to end consumers.
They are one-stop shops, and house everything from grocery to apparel under a
single roof, which ranges in size from approximately 71,000-219,000 square
feet.
The total size of the US hypermarkets and super centers
industry by revenues is $644 billion, 99% of which is controlled by Wal-Mart
Stores, Inc. (WMT), The Target Corporation (TGT) and the Costco Wholesale
Corporation (COST). Costco is the youngest company among the three. It opened
its first store in 1983, nearly 21 years after Target and Walmart opened their
first stores in 1962. Read
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