Costco Close Down

After a nearly solid forty-year run Costco CEO W. Craig Jelinek surprisingly announces closing. Costco is the second-largest retailer behind Walmart. With Walmart owning all 600 Sam’s Club locations, a competitor to Costco; Costco can’t keep up. Costco only having half the amount of stores and not expanding beyond the United States of America makes it far less convenient.
Costco’s membership has always been the more expensive choice when compared to Sam’s Club. Costco can’t keep demand any longer and the CEO of Costco, W. Craig Jelinek has begun negotiation with Walmart’s CEO Doug McMillon. Jelinek has announced by 2022 all Costco’s will be closing and has already reportedly made an offer of 11.4 billion dollars to sell his company to Walmart.