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IP Interview
Published July 7, 2023

Costco Taiwan & Korea Market & Growth Opportunity

Executive Bio

Former SVP at Costco

Interview Transcript

Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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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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