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Warehouse club giant says online initiatives starting to take off


Costco Wholesale Corp. has been playing catch up with its competitors in the online space — and its efforts may be starting to bear fruit.

The retailer has been adding more higher-end brands to its online merchandise mix and also improved stock levels for high volume items, Bloomberg reported.

“We’re clearly taking the offense,” said CFO Richard Galanti told analysts on a conference call on Wednesday, Bloomberg reported. “Again there are some things that perhaps we should’ve done earlier but we’re already seeing some improvement.”

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