Costco makes $3.5 mil via conjectured EBay buyer Alibaba

02 Jan 2015

Seattle, Wash.-based wholesaler Costco is headed more extensively into China after its trial sales on Alibaba netted it $3.5 million in one day. In October Costco signed with Alibaba and its TMall e-commerce platform, to test the platform with sales of some of its product line. On Singles Day, which is China’s equivalent to Cyber Monday, $3.5 million of those

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.