Costco's New Polarizing Policy Is Making the Company Bank -- Though Not All Members Are Happy About It

For years, Wall Street has been driven higher by technological innovations. For instance, the evolution of artificial intelligence (AI) promises to alter the long-term growth trajectory for a variety of industries. According to the analysts at PwC, AI has the potential to add $15.7 trillion to the global economy by the turn of the decade.But there's an even bigger trend, in nominal-dollar terms, that can make global waves: the retail industry. Based on estimates from Mordor Intelligence, the worldwide addressable market for retail is expected to grow from nearly $27.3 trillion in 2025 to a shade over $36.9 trillion by 2030.With a figure this large, it's no wonder the retail arena is competitive. But for the select few companies that manage to stand out, such as warehouse club Costco Wholesale (NASDAQ: COST), e-commerce kingpin Amazon, and superstore Walmart, the rewards can be bountiful.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool