What is the reason why Costco stopped carrying Coke Products?
Costco Wholesale has announced that they have now stopped carrying Coca-Cola branded products in their stores. The company has decided to take this step because of a pricing dispute with the beverage industry giant. Costco has declined to provide more information. Coca Cola has also not revealed any information but stated that they are committed to working with retailers around the world. Costco runs around 560 warehouses globally. Sources: http://business.techwhack.
Costco stops carrying Coke drinks in price dispute (AP) – 1 hour ago PORTLAND, Ore. — Costco is no longer carrying Coca-Cola products in its stores nationwide because of a pricing dispute with the beverage maker. A Costco executive confirmed the move Monday. The Issaquah, Wash.-based wholesale club operator would not discuss the matter further. Atlanta-based Coca-Cola Co. said it won’t comment on ongoing negotiations but said Costco is an important customer that it is committed to working with “in a spirit of fairness.” Coca-Cola products include its namesake soft drinks as well as Sprite, Squirt, Dasani water and Full Throttle energy drinks, among others. Costco Wholesale Corp. operates about 560 warehouses in the U.S. and abroad. Coca-Cola shares rose 2 cents to $56.76 in premarket trading Tuesday. Costco shares were unchanged from Monday’s close of $61.12 Sources: http://
