Costco CFO: Company expansion to proceed despite economic woes

01/8/2008 | Reuters

Costco CFO Richard Galanti said in an interview Tuesday that Costco will carry out its planned expansion this year despite the flagging U.S. economy. The company, which plans to open about 30 new clubs this year, will use the tough economic situation to persuade affected retailers to begin doing business or expand with Costco, he added.

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