Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphle. I'm Dylan Lewis. And today

we're talking financials. Today we're talking consumer goods.

Wild-C-C-C-Chert Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

Welcome to Industry Focus. It's Tuesday, September 29th and I'm your host Emily Flippin. Today I am joined by Motley Fool

Contributor Dan Klein to talk about the warehouse retailing business and take a

look at one major warehouse retailer you can probably guess what it's going to be. It is Costco.

Dan, thank you for joining as always.

Oh, thanks for having me. This is one of my favorite companies to talk about.

Yeah, this is an interesting company. doesn't tend to have a lot of

competition because being a massive retailer, a warehouse retailer, requires a lot of

cap-ex, requires a lot of space, but there's a little bit of competition for

Costco out there, we'll get into it. But before we do so, let's just talk about the coke in this space,

which is of course Costco.

For our listeners who just aren't aware, maybe they don't live in the United States or live in one of the

handful of countries that have a Costco or otherwise only exclusively shop at Walmart, I'm not sure. Don't know what

Costco is. What is Costco? So Costco is a membership-based warehouse club. What does that

mean? In order to walk inside a Costco, and there are some exceptions to this, but let's, in general, you need to be a member.

You can buy a $60 membership, that just gives you access.

You could buy a $120 membership.

That gives you 2% cash back up to a

thousand dollars so it's pretty simple math whether that's worth it for you some people

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