Unionized Costco Workers Vote to Authorize Strike
1. Teamsters union authorized a nationwide strike if a new labor agreement isn't reached. 2. Costco reported record profits of $7.4 billion, up 17% year-over-year. 3. Costco shares have increased over 35% in the past year, closing at $943.19. 4. Strong holiday sales and higher membership fees contributed to positive fiscal outcomes. 5. Union claims ongoing negotiations reflect workplace issues despite company's financial successes.