Costco

Articles on Costco.

  1. Department & Category

Costco earnings will show if its recession proof

Costco is expected to report gains in sales and earnings as its combination of low prices and products for everyday life attract shoppers to its warehouse stores. The chain is further buoyed by its gas stations that offer members savings over market rates.
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  1. Channel: Grocery

Survey:  Trader Joe’s, H-E-B, Wegmans, Amazon Get High Marks For Reputations

Axios and the Harris Poll are out with a new survey in which they identify the most visible brands in America and gauge their reputations, ranking them from “excellent to “very poor.” The top nine, all rated as “excellent,” are, in order … Trader Joe’s, H-E-B, Patagonia, Hershey, Wegmans, Samsung, Toyota, Amazon, and Honda. Among […]
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  1. Data & Insights

Overcoming D-to-C Obstacles for Success

Direct-to-consumer (D-to-C) strategies are very effective across different brands and companies. And yet, to find long-term success, these stakeholders must be aware of the many obstacles and how to overcome them. What is D-to-C? In this rapidly evolving market where e-commerce has significantly changed consumer buying habits, many have turned to D-to-C strategies. Instead of […]
3 min read
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  1. Channel: Mass

Newsweek Most Trusted Grocers List Dominated By Walmart

Newsweek is out with a list, generated by BrandSpark International, of the “most trusted grocery stores as voted by American shoppers. BrandSpark surveyed 3200 Americans to capture their real opinions of what grocery store brands they trust the most.” The national top four:  Walmart, Kroger, Aldi, and Meijer. The northeast top four:  ShopRite, Walmart, Aldi, […]
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  1. Data & Insights

Retail Traffic Trends #77: The Rise of Retail Subscriptions

Can you count on one hand how many subscriptions your household is subscribed to? Over 62% of households are now subscribed to at least one retail membership. Not surprisingly, 54% of U.S. households are subscribed to Amazon Prime. This week we dive deep into emerging retail subscription services and the potential of a BNPL bubble. […]
2 min read
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  1. Shopper & Customer

Consumers clipping coupons and trading down as prices rise

Consumers are changing their grocery shopping habits as they try to feed and supply their households and remain on budget. Susan Pollack, a property manager in California, recently purchased a bulk pack of toilet paper in Costco and discovered the price had gone up to $25 from $17.
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  1. Corporate Finance

Tops Market Invests In Its Future

From the Buffalo News: “Four years after emerging from bankruptcy, Tops Markets is staging a comeback. “Tops is spending $120 million over four years to update many of its stores in the Buffalo market, where the Amherst-based grocer originated 60 years ago. “It’s a sign of better times for the once debt-strapped company that for […]
2 min read
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  1. Shopper & Customer

ChaseDesign survey: Shoppers want to return to stores

SYRACUSE, N.Y. – A vast majority of consumers, 85%, will do more in-store shopping in 2022 than last year, according to new research from ChaseDesign. Factors driving this return to physical locations include having the simple ability to choose products in person, seeing what’s new, and taking advantage of the store staff’s expertise. At the […]
2 min read
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  1. Corporate Strategy

Your Views:  Play Ball

Got the following email from an MNB reader about our continuing coverage and commentary about labor issues facing retailers: The dynamics in today’s labor world are certainly interesting, especially the unionization movement. Along with that is the focus on CEO compensation, specifically how it dwarfs basic employee compensation. In the CNBC piece you mentioned, the […]
5 min read
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  1. Channel: Ecommerce & Digital

Sansolo Speaks:  Better The Second Time Around

by Michael Sansolo Building any kind of business success is incredibly hard, so I cannot imagine the challenge of doing it twice.  That’s especially true when, the second time around, it is critical for leadership to abandon, or at minimum, greatly change, the things that made their original business successful. The hardest thing is knowing […]
3 min read
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  1. Technology & Innovation

2022 Delivery and Retail Trends

Retail has significantly changed in recent years. Consumers were already moving away from in-person retailing before the pandemic hit, and it’s a shift that has picked up considerably since then. For those remaining brick-and-mortar stores, technical advances have been employed to keep customers happy — and keep them coming back. Many of the biggest trends […]
4 min read
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  1. Operations & Supply Chain

Why Retailer Market Fit Is Important For A Product Startup

Many innovative product startups dream of getting into stores like Walmart, Best Buy, Costco and more, but fail to think about whether that is even a good thing. Don’t get me wrong, getting your product into several thousand stores can be great, but if you’re not ready to handle that business your retail dreams may […]
3 min read
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  1. Channel: Club

Jason & Scot Show Episode 290 – Shoptalk 2022

A weekly podcast with the latest e-commerce news and events. In episode 290 we recap all the key trends and news from the ShopTalk 2022 tradeshow. Subscribe: Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ????? ShopTalk held it’s first in-person show since 2019, May […]
34 min read
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  1. Channel: Club

Costco posts 18.7% sales gain in March

ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $21.61 billion for the retail month of March, an increase of 18.7% over the $18.21 billion posted in the corresponding period last year. Comparable sales for the period (the five weeks ended April 3) increased 19.1% for the company’s U.S. operations, or 12.7% when adjusted […]
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  1. Trends & External Forces

Rite Aid offers free COVID-19 tests to Medicare beneficiaries

PHILADELPHIA — Beginning Monday, people with Medicare Part B can visit any Rite Aid  location and receive up to eight over-the-counter COVID-19 tests every month at no cost. Heyward Donigan As part of the Medicare COVID-19 Over-the-Counter Test Initiative, people covered by Medicare Part B can bring their red, white, and blue Medicare card to any […]
2 min read
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  1. Shopper & Customer

You are Kidding Me Millennials Like Sam’s Club

  What goes around comes around. The parents of Millennials drove the growth and success of Club stores the ilk of Costco, BJ’s, and Sam’s Club according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®who stated, now that Millennials are getting married, buying homes and starting families they are following in the […]
4 min read
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  1. Media & Marketing

NRF releases 2022 Top 50 Global Retailers list

WASHINGTON – The National Retail Federation released Wednesday its annual list of the Top 50 Global Retailers. Conducted with Kantar, the 2022 Top 50 Global Retailers list is a compilation of the 50 most impactful international retailers based on their operations at the start of 2021. Walmart continues to be the world’s largest retailer, having made […]
2 min read
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  1. Trends & External Forces

U.S. plant-based food retail sales hit $7.4 billion, outpacing total retail sales, despite supply chain interruptions and pandemic restrictions creating widespread volatility in the food industry

 Diversifying our food system with plant-based meat, dairy, and eggs provides an opportunity for sustainable food system security in a retail world shaken by supply-side volatility and inflation. WASHINGTON, D.C. (March 24, 2022) — Amidst turbulent economic conditions amplified by the pandemic, supply chain issues, and inflation, new data released today by the Plant Based […]
8 min read
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  1. Corporate Strategy

Racher Press event honors top retailers

NACDS president and CEO Steve Anderson accepts Chain Drug Review’s “Retailer of the Year” Award on behalf of the association. Costco vice president of global sustainability and compliance at Costco, accepts MMR’s Retailer of the Year award on behalf of her company. Bed, Bath and Beyond chief merchandising officer Joe Hartsig is recognized as one […]
3 min read
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  1. Department & Category

Industry leaders are optimistic

On Thursday, March 3, the editors of Racher Press, publisher of MMR and Chain Drug Review, gathered together five industry-leading personalities to discuss the state of the world and the retailing industry. Without naming names, those on hand included a senior executive with one of the nation’s leading food retailers, two senior consumer packaged goods […]
3 min read
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  1. Channel: Grocery

Customer satisfaction is basically unchanged

ANN ARBOR, Mich. — Customer satisfaction with retail is relatively stable, according to the American Customer Satisfaction Index’s 2021-2022 ranking. The Retail Trade sector as a whole saw its score dip just 0.5% to 75.1 (out of 100). “Cool stability,” says ACSI managing director David Van­Amburg. “That’s the best way to describe the retail sector […]
2 min read
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  1. Trends & External Forces

Costco to end COVID hours for seniors and healthcare workers

Costco will maintain special operating hours for seniors and healthcare workers through April 17 before ending the practice that has been in place for two years. The retailer had previously planned to end the special hours last July but changed those plans when a rise in cases began across the country.
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  1. Channel: Dollar/Value

A Brand Is More Than Its Name

Brands are dynamic. Great brand leadership evolves brands in order for brands to stay relevant and differentiated in the customer’s mind. Just because a brand evolves to deliver its promise in a more relevant, differentiated manner does not mean the brand must change its name. Pizza Hut sells more than pizza. UPS (United Parcel Service) […]
4 min read
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  1. Channel: Dollar/Value
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  3. Corporate Strategy
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  5. Department: Consumer Durables
  6. Media & Marketing
  7. Shopper & Customer
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  10. Operations & Supply Chain
  11. Stores & Formats

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  3. Department: HBC
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CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
  2. Corporate Strategy
  3. Media & Marketing
  4. Retailer Media
  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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  1. Technology & Innovation
  2. Partnerships & Alt Profit
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  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
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  8. Associates & Employees
  9. Merchandising
  10. Operations & Supply Chain
  11. Stores & Formats

Developing a Perfect Store Strategy in 2022

In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […]
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