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Costco's CFO doesn't believe his company is 'Amazon-proof' (AMZN, COST)

Costco has been able to weather the storm from online retailers like Amazon by building a strong membership model and incentivizing visits to its physical stores — causing some analysts to call it "Amazon-proof." But its CFO, Richard Galanti, doesn't believe his company will forever be immune to the growth of Amazon. "We don't buy that for a minute," Galanti said during Costco's earnings call Thursday, referring to reports that dubbed his company "Amazon-proof" or "internet-proof.
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