Channel: Club

Articles about the club channel. (Sams, BJs & Costco)

  1. Channel: Club

The PR Perils of Inaccurate Sales Tax

It’s rare that sales tax issues make the news, and when they do, it’s generally not great for the seller. Earlier this year, things held to form when media in Massachusetts reported a sales tax calculation error on the Walgreens ecommerce website. The facts as reported support the notion of an honest mistake by the […]
4 min read
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  1. Channel: Club

The Rise of the Online Marketplace in Home Improvement

The home improvement industry is at a crossroads, shaped by a digital landscape that continues to grow exponentially. In the first half of 2024, this sector has seen a significant transition to online sales, which now account for 37% of the industry’s total market share. It’s a pivot that reflects the broader narrative of our […]
3 min read
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  1. Channel: Club

NRF unveils 2024 Top 50 Global Retailers

WASHINGTON  – The National Retail Federation today announced the 2024 Top 50 Global Retailers. Conducted by Kantar, the 2024 list ranks international retailers, based on their operational performance as of the beginning of 2023. “In our increasingly interconnected global economy, retailers are continually expanding their international customer base,” NRF Executive Director of Research Mark Mathews said. […]
< 1 min read
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  1. Channel: Club

In Evolving Industry Landscape, Changes in Big-Box Retail Tell a Fascinating Story

At a time when the commercial real estate landscape is evolving with unprecedented speed, changes in big-box retail are an important storyline. Appreciating how and why big-box concepts have thrived in a post-pandemic environment, and understanding the logic behind decision making with regard to everything from store layouts to merchandising, is an important first step […]
3 min read
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  1. Channel: Club

NACDS RxIMPACT presents 2024 Grassroots Awards

WASHINGTON – The National Association of Chain Drug Stores (NACDS) RxIMPACT grassroots advocacy program announced several grassroots recognitions during the 2024 NACDS RxIMPACT Day on Capitol Hill Welcome Dinner on Wednesday, March 13. This year’s event convened more than 300 pharmacy advocates and NACDS members from all 50 states, including students and faculty from nearly […]
4 min read
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  1. Channel: Club

Kroger, Albertsons Fire Back At FTC

Kroger and Albertsons have argued in separate legal filings that the federal Trade Commission (FTC) is misguided and flat-out wrong in opposing their $24.6 billion merger. Both retailers contend that the FTC, in suggesting that the deal would give the combined companies an unfair competitive advantage, ignores the fact that they would also be competing […]
2 min read
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  1. Channel: Club

Kroger/Albertsons vs. FTC Court Case Scheduled For Late August

Mark your calendars.  Set your alarm.  August 26, 2024, has been set foe the beginning of the trial that will determine whether the Federal Trade Commission (FTC) will be able to block Kroger’s $24.6 acquisition of Albertsons. The trial will take place in the Us District Court in Portland, Oregon, and is expected to last […]
2 min read
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  1. Channel: Club

Costco Goes For The Silver

Fox Business reports that Costco followed up a successful run selling gold bars – it claimed to have sold more than $100 million of them in a single quarter – with a new offering of silver coins. According to the story, “Sold in 25 tubes, the 1-ounce Canada Maple Leaf Silver Coins are priced at […]
< 1 min read
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  1. Channel: Club

Costco posts 5.7% net sales gain in second quarter

ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $57.33 billion for the second quarter of its 2024 fiscal year, an increase of 5.7% from the $54.24 billion posted in the same quarter last year. Net sales for the first 24 weeks increased 5.9%, to $114.05 billion, from $107.68 billion last year. The company […]
< 1 min read
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  1. Channel: Club

BJ’s Wholesale Club to Bring Unbeatable Value to Kentucky with Club Planned for Louisville

MARLBOROUGH, Mass.–(BUSINESS WIRE)–BJ’s Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, announced today that it plans to open its first club in Louisville, KY, located near the Jefferson Mall, in early 2025. The BJ’s Louisville club follows its expansion into Tennessee and Alabama in 2023. “We are excited to offer our winning […]
< 1 min read
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  1. Channel: Club

4 Key Point-of-Sale Trends for 2024

The point-of-sale (POS) system has always been the one truly indispensable technology for any merchant, large or small. The centrality of the POS has led both retailers and solution providers to integrate it with other fundamental operational systems, from inventory and order management to customer relationship management (CRM) and, of course, payments. As if this […]
5 min read
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  1. Channel: Club

Your Views:  SSNIPT Blues

Got this email from an MNB reader: I believe the final ruling on the merger will come down to who best defines “grocery store” for the courts.  If it’s the broader definition that includes WMT, Costco, Dollar General, Target, delivery & remote options, etc., Kroger will prevail.   If the 1980s / FTC definition of […]
2 min read
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  1. Channel: Club

Sam’s Club to Open ‘Design Thinking Studio’ This Summer

Sam’s Club will open its 37,000-square-foot design thinking studio, dubbed Clubhouse, this summer on the retailer’s Bentonville, Ark. campus. Sam’s Club, which first announced plans for the studio in June 2022, will use Clubhouse as an innovation engine for testing products and designing new, enhanced experiences for members and associates. Additionally, the retailer has digitized […]
< 1 min read
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  1. Channel: Club

Costco To Open New Furniture-and-Appliances-Only Store

The Street reports that Costco “plans to open a store solely dedicated to furniture and appliances.” The story notes that “most of Costco’s 850 global locations are its classic warehouse model that sells food, household goods, and lots of other things. The chain has opened a handful of ‘Business Centers,’ in recent years, locations that […]
< 1 min read
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  1. Channel: Club

3 Ways Retailers Can Thrive in a Cookieless Era

Retailers’ ability to identify and understand their customers plays a key role in their success. However, the onset of third-party cookie deprecation from Google, which officially began in January 2024, directly impacts how retailers can connect with their customers. Retailers must pivot to new targeting methods to continue reaching the right audiences, keep customers brand-loyal, […]
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