Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (4246)	1/26/1999 12:23:00 AM
From: Michael	Read Replies (1) of 4634

interactive.wsj.com <<Of course, retailers say they don't see it that way -- although they are dabbling in Internet sales to figure out how the enemy operates. "Certainly the Internet is going to change the dynamics of retailing," says Richard Galanti, chief financial officer at Costco. The company started up Internet sales in November, and now sells about 500 items over the Internet. But its "warehouse" stores, real "brick and mortar" establishments, sell 4,000 items and account for the vast bulk of the company's sales, and Mr. Galanti says he has no fear of cyber price wars: "We don't believe long term you can sell stuff at or below cost and survive.">> sure is a nice day michael

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