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Costco's Sales Are Exploding, So Why Is Its Stock Price Tanking?

Costco had profit and sales figures last quarter that smashed expectations. So why did its shares fall 6.3%? According to Business Insider, that baffling decline is just the latest manifestation of an industry-wide phenomenon that's seen the likes of Amazon put major pressure on grocers and other retailers to keep prices low. Costco itself is jumping on the Amazon bandwagon in desperation, it seems. On Thursday, it announced it will offer two-day delivery on nonperishable items. It's also partnering with Instacart for same-day delivery of all online grocery items.
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