Costco

2080.314 - 2102.402 David Rosenthal

Kmart, if you remember back to our Walmart episode, came out of the Kresge department store chain, which was huge. So they had so much more access to capital, certainly than FedMart, and even than Sam Walton and Walmart. Sam had to fight bitterly, last mile by last mile, building out his distribution network to beat Kmart. Sol and FedMart, they don't really have the firepower to compete.