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COST
New York Post
211 days

Costco Teamsters vote to authorize US-wide strike with contract almost up, union says

1. Teamsters union members at Costco voted 85% in favor of a strike. 2. Negotiations for a new contract are ongoing, deadline is January 31. 3. The union claims Costco has failed to bargain constructively. 4. A nationwide strike could impact Costco's operations and sales. 5. Negotiations begin on January 20, heightening urgency for resolution.

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FAQ

Why Bearish?

A potential strike could disrupt operations and negatively affect sales, similar to past labor actions affecting retailers.

How important is it?

A labor strike could lead to direct operational disruptions impacting COST's profitability.

Why Short Term?

The strike authorization creates immediate concerns, but a resolution could stabilize cost impacts quickly.

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