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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