Teamsters Threaten Costco Strike Across Stores as Talks Stall

The International Brotherhood of Teamsters is threatening a nationwide walkout at Costco stores, saying that the warehouse giant refuses to share $70 billion in profits with workers.

The threat came after a day of “contentious” negotiations, the Teamsters said in a statement Friday. More than 90% of Costco Teamsters rejected the company’s contract offer in June. A strike could pull more than 17,000 workers out of Costco stores, the union said.

“This isn’t a bluff; we won’t back down until our members receive the contract they deserve,” Tom Erickson, director of the Teamsters warehouse division, said in a statement. “Costco ...