Costco to stop carrying Coca-Cola products
November 18th, 2009 - 7:56 pm ICT by Aishwarya Bhatt ( Leave a comment )Atlanta, Nov 18 (THAINDIAN NEWS) Costco is all set to stop carrying Coca Cola products in its stores as the both of them are engaged in a pricing war. The people who are going to be really affected due to this financial spat are the Costco and the Coca Cola mutual customers.
The very public and financial tiff between one of the nation’s largest wholesale club operators and the world’s largest soft drink maker is going to cost a lot to their consumers, as they are going to be bereft of their favorite products.
Coca Cola is struggling to fight off the losses and maintain its profits while also giving its customers the best prices in the recession and also meeting the retailer demands. The latter part is what it is struggling to implement and that is what has now even spilled into the public eye.
“Beneath this surface of harmony, it’s a dogfight out there,” Gerry Khermouch, editor of Beverage Business Insights, said Tuesday at an investor meeting held by the soft drink maker at its hometown of Atlanta.
“Costco is committed to carrying name brand merchandise at the best possible prices. At this time, Coca-Cola has not provided Costco with competitive pricing so that we may pass along the value our members deserve,” said a message on the company’s Web site labeled “Price Alert!”
- Costco is not carrying Coca Cola products over pricing issues - Nov 19, 2009
- Mexican bottler to build $140 mn plant in Brazil - Dec 07, 2011
- Coca-Cola eyes Olympic market in Russia - Sep 26, 2011
- Coca-Cola bosses axe 'love-rat' Rooney from new ad campaign - Oct 03, 2010
- Coca-Cola launches Minute Maid juice range - Mar 28, 2011
- Kiwi farmer locks horns with Coke over his carbonated cola-flavoured milk - Jun 15, 2010
- India, China sales boost Coca-Cola profits - Feb 10, 2010
- Coke's secret recipe shifted to a new abode - Dec 13, 2011
- Cola food colouring could cause cancer - Feb 17, 2011
- Coke has no alcohol in it, says manufacturer - Feb 17, 2011
- Coca-Cola plans to invest $1 bn in Mexico in 2012 - Jan 30, 2012
- Coke to pull out of Mexican schools to promote anti-obesity drive - Jun 11, 2010
- Coke profits soar to $6.8 bn riding India, China sales (Lead) - Feb 10, 2010
- Coca-Cola 'secret recipe' cracked, claims radio show - Feb 16, 2011
- Coca Cola wakes up Brad Pitt's kids - Feb 03, 2012
Tags: best possible prices, beverage business insights, brand merchandise, club operators, coca cola, coca cola products, costco, dogfight, favorite products, harmony, hometown, losses, mutual customers, profits, public eye, recession, soft drink, spat, tiff, wholesale club