Costco CEO talks about the retailer's 'secret sauce'

As Costco stays on a slow and steady course of growth, the warehouse club has managed to keep its sales moving in the right direction and keep its membership rolls growing.

The club retailer's CEO expained the secret to the retailer's success in a recent interview with WSB-TV's Clark Howard. Costco CEO Craig Jelinek told Howard that he is not surprised by his chain's success. He has been with the company for over 30 years and in that time has seen a simple recipe that has served the chain through all sorts of retail trends.

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