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The conversation turned to Costco's competitive landscape, particularly its relationship with e-commerce giant Amazon. Jeff Fischer inquired about whether Costco management addressed Amazon during their conference calls. Hill humorously suggested that it would not be prudent for Costco to draw attention to Amazon, while Argersinger clarified that while Costco does not specifically mention Amazon, it focuses heavily on promoting its own e-commerce initiatives.
Despite Costco being well-regarded for its in-store experience and bulk shopping convenience, Fischer highlighted concerns about Amazon's growing influence, particularly through their subscription models and basic pantry deals that could lure customers away from brick-and-mortar retailers.