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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST
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To: TobagoJack who wrote (151688)11/18/2019 8:22:42 PM
From: marcher   of 219061
 
some folks like costco more than mcdonalds:

--While Costco has had an online presence in China for five years through a partnership with Chinese
e-commerce firm Alibaba ( BABA), the new brick-and-mortar store in Shanghai marks a significant investment.
Costco's annual membership program, which accounts for the bulk of its profit, is also cheaper in China — it
costs 299 yuan ($42) compared to $60 in the United States. But despite the early buzz around its Shanghai
store, the US retailer will have to prove it can stick around for the long haul. It has to contend not only with
global rivals like Walmart ( WMT) and big Chinese players like Alibaba and JD.com, but also with China's
rapid economic changes and its growing online retail industry.--

cnn.com
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