We were glad to see that Wal-Mart [Stores] executives appeared on your recent list of the 50 most powerful industry people [SN, July 26, 2004]. However, we think readers may have gotten a skewed look at the warehouse club industry in that issue from your profile of Costco CEO Jim Sinegal, one of your Power 50. ustry in operating profit -- a key metric ignored in your overview. In fact, for the six months ended July 31, Sam's had operating profit of $619 million, an increase of 20.7% over ...

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