Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Long IdeasThe Death Spiral

Costco’s Growth Is Bad News for TV and Newspapers

Costco’s sales in the third quarter of 2014 were 7.4% higher than for the same period in 2013. The club store giant also reported a quarterly year to year revenue growth rate of 7.39% for the third quarter of 2014. Costco reported a TTM revenue of $106.46 billion in November 2013 that grew to $114.49 billion in November 2014, and it did it without buying a single television or newspaper ad.

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