Costcos stock price has risen more than 10 percent in the last 12 months, while Wal-Marts has slipped 5 percent. Costco shares sell for almost 23 times expected earnings; at Wal-Mart the multiple is about 19. Costco also has not shut out unions, as some of its rivals have. The Teamsters union, for example, represents 14,000 of Costcos 113,000 employees. They gave us the best agreement of any retailer in the country, said Rome Aloise, the unions chief negotiator with Costco. - Steven Greenhouse
Posted on: Sat, 26 Jul 2014 05:58:47 +0000
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