On Costco influence - I think they are having trouble finding the right size properties on which to build their stores
Yep.
... mostly in industrial/airport complexes which limits their attractiveness.
Limits attractiveness to whom? Can't be all things to all people (ie dirt cheap, convenient, great ambiance etc).
Sure they are cheap but you may have to drive 40 mins across town to find one - for most households they might do this for some purchases, but day to day shopping is still going to be at the majors.
What do you think the impact on WES and WOW of their combined market share dropping from 70% to 65% (say) over 3 years?
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