Workers at America's largest wholesale retailer may soon go on strike as the corporation has seen profits skyrocket in recent years, union officials said. Costco workers nationwide voted by an overwhelming 85-percent margin to authorize a strike,

Teamsters for Costco Wholesale voted to authorize a strike ahead of an agreement ending on Jan. 31, the union group announced.

Thousand of Costco Teamsters across the U.S. are preparing to strike by the end of the month if the company does not present a "fair contract offer," the union says.

While Costco is known for paying its employees higher wages than its competitors, the union is accusing the company of not sharing its recent success with workers.