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Costco CEO: "China Will Always Be There"

Thursday - 8/29/2013, 9:20am  ET

The Fool chats with Costco's new CEO, Craig Jelinek. Craig first joined the company as a warehouse manager in 1984, quickly rising to become a regional manager and then through various executive posts over the years. He became president and COO in 2010, and took over from longtime CEO Jim Sinegal in January 2012.

As enticing as the massive Chinese market may be to many companies, Costco isn't tempted -- at least not now. The company is doing well in other Asian locations, but has no plans for China at the moment, especially after seeing other U.S. retailers struggle there.

To watch the full interview, click here.

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