Costco's Competitive Environment

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The competitive environment

As we all know it that Costco Wholesale Corporation is the biggest multinational corporation, and it is the second largest retailer in the world after Wal-Mart. Since, we all know that when a company or a person get success in his or her business he or she will definitely get some competitors (from the same or similar industry which offers similar products and services), in the market. This is the case for Costco Wholesale Corporation. The corporation has four major competitors such as Amazon, Wal-Mart, Target, and Jet.com. However, Wal-Mart is still their biggest competitor.

Wal-Mart

Wal-Mart Stores is the world's first retailer in Canada, as well as the world's largest company. It is the number one biggest discount retailer in the United States. The store sells groceries, general merchandise, electronic items, etc., The Company operates more than 5,300 stores in the US, including about 4,600 Wal-Mart Stores and 660 Sam's Club membership-only warehouse clubs. Moreover, Wal-Mart is the biggest competitor for Costco.

Amazon …show more content…

In 2017, Amazon acquired Whole Foods Market. The Whole Foods had disrupted the grocery industry such as Wal-Mart, Target, and Costco. Additionally, Amazon had acquired Whole Foods for $13.7 billion, which vastly increased Amazon's presence in the retail industry. The organic grocery chain Whole Foods had a big impact on Costco Wholesale Corporation because Costco stock price falls down, they had investor problem, and Costco customer had started to shop from Amazon for electronics, books, clothes, and groceries. Amazon became one of the biggest competitors for

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