Costco makes a bold move to compete with Amazon
The warehouse retailer just upped the ante.
Costco (COST) has built a wildly successful business on two highly appealing concepts: saving money by buying in bulk, and gaining access to exclusive deals via a membership.
When Costco first opened its doors as a retailer called Price Club in 1976, serving only small businesses, it hadn't hit on its winning formula yet — but it had the seed.
