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Did anyone notice this? On its conference call yesterday morning, Costco (COST) CFO Richard Galanti said that Costco Online sales rose 59% year over year and will "well exceed $1 billion in sales this [fiscal] year". And this from Bloomberg:

Traditional retailers generated a 28 percent average operating profit margin from their Web sites in 2005, according to... Forrester... That's at least double the overall margin for warehouse clubs, discounters and department stores... Retailers' Web traffic is growing faster than online-only stores. From the week ended Nov. 5 to the week through Nov. 26, traffic to the Wal-Mart, Target Corp. and Best Buy Co. sites more than doubled, while traffic at Amazon.com Inc., the world's largest Internet merchant, rose 15 percent, according to ComScore...

Here's the Bloomberg article, a summary of Costco's earnings, and the Costco conference call transcript.

Source: The Stealth E-Commerce Stocks?