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Costco aims to cut into hardware stores' market. (Costco Wholesale Corp.)
Costco aims to cut into hardware stores' market
Costco Wholesale Corp. is testing a thrust into yet another corner of retailing: the already crowded home-improvement business.
A 31,000-square-foot home-improvement center is opening this month at Costco's Southcenter outlet, and a companywide roll-out could follow next year if sales go well.
The store is where Costco four years ago first experimented with a grocery department - a highly successful concept that has been expanded throughout the 69-store chain.
Richard Galanti, Costco's senior vice president and chief financial officer, says the home improvement category "is a logical product …
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Magazine article from: WWD
Steigrad, Alexandra
July 10, 2009
700+ words
