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Customers Flock to Costco in Search of Bargains, Pushing Profit Up 32%

While many retailers are suffering due to cash-squeezed customers, Costco is flourishing as customer flock to the discount warehouse in search of bargains.

Sales increased 13 percent to $16.26 billion from $14.34 billion in the year-ago period. Including membership fees, revenue rose to $16.61 billion from $14.66 billion.

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