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Barron's reported over the weekend that one of the ways in which Costco Wholesale Corp. is benefiting from recent expansion efforts is through membership fees, which generated 56 percent of its profits during the last quarter.

The theory is that the more stores Costco has, the more members it will have….specially in the current economic climate. And, the more members it has, the more money it makes from membership fees.
KC's View:
Key to this is the notion that Costco's consumer-oriented approach continues to generate more revenue, even in an economic downturn.

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