CFO: Rivals hinder Costco's Australian expansion

10/11/2010 | Sydney Morning Herald (Australia), The

Richard Galanti, chief financial officer and executive vice president at Costco, said that two of Australia's major retailers, Woolworths and Coles, are putting up obstacles to the US retail giant's expansion into Australia. "Our competitors, the two biggest retailers out there, we feel are fighting us at every juncture to slow down the process. ... Certainly we will open more there," Galanti said.

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Sydney Morning Herald (Australia), The

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