How Has Costco Outsmarted Walmart?
In the last decade, e-commerce has been weighing down the retail sector. Big-box retail chains, in particular, have been feeling the pressure on their margins. Take Walmart (NYSE: WMT) as an example. The company's annual growth rate in earnings before interest, tax, depreciation, and amortization (EBITDA) was -12.5% in 2019 and has been declining steadily in the last 10 years.
In such a high-pressure market condition, Costco (NASDAQ: COST) has found a way to succeed, even without a substantial investment in its e-commerce operations.
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Source Fool.com
