Chapter 7: Costco's Diversification

While Costco may not own several different businesses in different industries, it has its own version of a conglomerate. Inside of its warehouse store are several mini-industries under the same roof. They offer an optical center, automotive service, bakery, grocery, florist, pharmacy, photo center, cellular phone service kiosks, and a gas station. It is almost like a mini conglomerate under one roof. This allows it to compete in many different industries without having to have a separate storefront for each one.