Coke, Costco Bury the Hatchet

Bulk retailer, beverage titan reconcile pricing dispute
By Nick McMaster,  Newser Staff
Posted Dec 10, 2009 1:51 PM CST
In this May 28, 2008 file photo, a Costco customer picks up a case of Diet Coke at Costco in Mountain View, Calif.   (AP Photo/Paul Sakuma)

(Newser) – Coca-Cola and Costco have ironed out a pricing dispute that kept the warehouse chain from restocking its shelves with the soda titan's products for over a month. Coke devotees should be seeing their favorite beverages at the stores soon, Costco CFO Richard Galanti said. "Our sign on shelves—'Until we can provide members with these products at competitive prices, we're not going to sell it' and we're now going to sell it, that's all I have to say at this point," he said.

"We have a long-term relationship with Coca-Cola and are happy to have them on our shelves," Galanti told the Seattle Times. "I know everybody wants to know a little bit more, but that's all you're getting." (Read more Coke stories.)

My Take on This Story
Show results  |