One of the few ways for retailers to compete against the growing might of Amazon.com is to offer something different. Costco Wholesale does that, but the market has been unwilling of late to give it credit for its uniqueness. The discounter, like other grocers, was punished twice by investors fearful that Amazon’s acquisition of Whole Foods Market would mean aggressive price competition in grocery. Costco shares fell 13% in the week following Amazon’s June 16 announcement of the deal, shaving roughly $10 billion off its...

Source: Wall Street Journal August 30, 2017 17:48 UTC