The retail technology giant previously limited its grocery operations to members of its Prime subscription service.
Investing.com - Costco Wholesale Corp (NASDAQ:COST) reported an increase of 6.5% in same store sales (excluding gas and foreign exchange impacts) for May. This figure exceeded the consensus estimate of 6.0% and showed acceleration from the 5.5% growth reported in April.
John Mackey said Bezos let Whole Foods cut prices to strengthen it in the long run even if it lost revenue in the short term.