Costco Taiwan & Korea Market & Growth Opportunity
Former SVP at Costco
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Former SVP at Costco
The executive has over 35-years experience at Costco across the US, APAC, and Europe and also worked at Fedmart in the 1980's.
Interview Transcript
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What was the mix of US and local merchandise? Roughly as a percentage of revenue?
It depended. On non-food item, it was probably 30% to 40%. On foods, on a volume basis, it would be higher because some of the US items, like Kirkland Signature nuts, did massive volumes. There was a significant quality difference, and people were buying them to sell in mainland China. I'd have a hard time putting percentages after all these years, but most of the food in the grocery department and all the fresh food was locally sourced. We were bringing in some US beef, sometimes; USDA Choice beef.
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