The data files would be copied to the ReplData folder which you would have specified when setting up the replication. Generally its a network path common to both servers. The bcp files would be copied there and applied at the subscriber.
On the other hand, perhaps you can restore a latest backup from your publisher onto your subscriber and set up replication in which case you wouldnt need to initialize the snapshot saving time and bandwidth.
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Dinakar Nethi
Life is short. Enjoy it.
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