Costco Is Opening Even More New Stores to Keep Its Club Members Happy. Time to Buy the Stock?

Costco has a problem, and the only way to solve it is with more stores. That's good news for the company's growth.Membership fees account for just over half of Costco's (COST 1.25%) operating income. This is why keeping dues-paying members happy is vitally important to the business. But that's left the company in a quandary driven largely by its own success. Here's why this retail giant has no choice but to keep opening new stores.Costco is fueled by the membership modelCostco's customers pay a yearly fee t ...