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Costco stops carrying Coke drinks in price dispute

Costco stops carrying Coke drinks in price dispute

Credit: AP

A Costco employee pulls shopping charts at Costco Wholesale store Tuesday May 30, 2006, in Burbank, Calif. Costco Wholesale Corp., the biggest U.S. warehouse retailer, said Wednesday its third-quarter profit rose 12.3 percent, aided by higher sales and membership fees.(AP Photo/Damian Dovarganes)

by Jan Minagawa, KING5.com

KREM.com

Posted on November 17, 2009 at 11:33 AM

PORTLAND -- Costco is no longer carrying Coca-Cola products in its stores nationwide because of a pricing dispute with the beverage maker.

A Costco executive confirmed the move Monday. The Issaquah, Wash.-based wholesale club operator would not discuss the matter further.

Atlanta-based Coca-Cola Co. said it won't comment on ongoing negotiations but said Costco is an important customer that it is committed to working with "in a spirit of fairness."

Coca-Cola products include its namesake soft drinks as well as Sprite, Squirt, Dasani water and Full Throttle energy drinks, among others.

Costco Wholesale Corp. operates about 560 warehouses in the U.S. and abroad.

Coca-Cola shares rose 2 cents to $56.76 in premarket trading Tuesday. Costco shares were unchanged from Monday's close of $61.12

 

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