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Costco May in Trouble Over Amazon-Whole Foods Deal

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According to analysts at Bloomberg, Costco's no-frills approach about marketing online could backfire. Even though the chain has largely enjoyed growing sales and customer loyalty recently, Amazon's latest acquisition of Whole Foods makes it a looming threat to the grocery industry. Costco's failure to also update its e-commerce makes it an especially big target. Even though Costco does promote products on some platforms, its online presence is said to be lackluster with only 10,000 products currently marketed on the web. In addition, over half of Costco's members already have a Amazon Prime account. http://www.businessinsider.com/costco... http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com


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