Agree, limited impact in short term. Medium term, not sure about this for several reasons: 1. They may force greater price competition. 2. Volume growth may taper off or decline. 3. If Costco gain traction they will grow aggressively subject to securing sites (eg Taiwan grew very fast). 4. WOW (for example) is at a demanding P/E which means iterruptions to its business will be penalised. If WOW and WES were on less demanding multiples I would be less worried.
How many warehouses is Costco opening in Aus?
One initially(Melbourne)
anything new always attract good initial interest, but costco will be like starbucks and borders in australia - a big flop
