NEW YORK, July 24, 2002 (PRIMEZONE) -- Richard Galanti, CFO and Executive VP of Costco Wholesale Corporation (Nasdaq:COST), opens the interview by discussing the latest news on the Company, primarily the effect of this new corporate facet both on the Marketplace competitions and the prospects of the Company going forward.
We then discuss the preferred areas for Costco's new store expansions before looking at the historical progress made through new product-sector offerings. We also look back at the last time Costco dipped its toe in the Home furnishings markets and the reasons for why this attempt will be more profitable.
Turning to international operations we examine the growth prospects of the company before comparing Costco's sales growth with other companies in its sector. The effect of a slow economy on Costco is discussed before we look forward to an improving economy and ask the question will Costco be less attractive in a strengthening economy?
The interview is closed with a look at recent earnings and the Return On Investment achieved from each of the 29 new warehouses that have been opened this year. This leads us in to the decreasing availability of high quality sites that Costco and many of its competitors require in order to operate efficiently. Product mixture over the range of Costco outlets is the last area that we examine before closing the interview.
The interview can be heard at www.wallst.net
About Costco Wholesale Corporation
Costco Wholesale Corporation operates warehouses that offer low prices on a limited selection of nationally branded and selected private label products in a wide range of categories in no-frills, self-service warehouses.
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