This article first appeared on GuruFocus. Warehouse giant Costco Wholesale Corp. (COST, Financials) focused on paid memberships and bulk purchasing is altering how customers can get inside its locations.DoorDash is rolling out same-day delivery from Costco warehouses nationwide, just a day after Uber Eats expanded its own Costco service to 48 states.The timing is something to observe. Costco had 82.9 million members as of June yet membership growth was down 4% year-over-year.This matters because the membership fees are an important aspect of Costco's business model, delivering the corporation a continuous supply of high-margin revenue while helping to foster consumer loyalty. It's not about immediate sales.
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