Costco's decision to install membership card scanners in U.S. stores could lead to the retailer's own version of a "Netflix moment," according to Morgan Stanley analysts.
COST is set to offer the Peloton Bike+ at 300 U.S. outlets, providing fitness enthusiasts an opportunity to purchase premium equipment at competitive prices.
The company also announced a new partnership with at-home equipment manufacturer Peloton Interactive.
Costco (COST) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Peloton is partnering with Costco to sell its Bike+ in stores and online between Nov. 1 and Feb. 15. Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199, compared to the typical price of $2,495.
This warehouse giant could be the ultimate "buy and hold" dividend stock for long-term investors.
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The warehouse retailer's shares are up by more than 30% so far this year.
In the closing of the recent trading day, Costco (COST) stood at $889.56, denoting a +0.48% change from the preceding trading day.
Costco has positioned itself to meet the demands of price-conscious consumers by offering quality products at competitive prices.
The retailer has given investors a lot to celebrate in 2024.