Costco Not Rushing Into Ecommerce
Costco on Wednesday said it is observing what the possibilities are on e-commerce, including home delivery. "E-commerce is certainly an important component of what's out there and what's growing, and as a retail competitor, we recognize it's part of the landscape," Richard Galanti, EVP and chief financial officer, told industry analysts during a conference call. "But we're very much a brick-and-mortar company, with 97%-plus of our business done in-store, not online. People actually do like to go out and shop."