retail news in context, analysis with attitude

• The Puget Sound Business Journal reports that "Costco's online sales grew 23 percent during the second quarter, despite the retailer remaining largely ambivalent about the online business ... Online revenue makes up about 3 percent of Costco's annual sales - about $3 billion."

According to the story, "Costco didn't break out specific quarterly earnings for its online business.

"The company sells about 8,000 products online, about 1,500 more than a year ago, which is far less than many online retailers.

CEO Richard Galanti says he "doesn't see that number shooting up drastically any time soon," the Journal writes.
KC's View: