Costco

Articles on Costco.

  1. Trends & External Forces

Walmart-owned Sam’s Club plans to open about 30 new stores over next five years

[[ Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s Club also plans to open five fulfillment and distribution centers this year, with the […]
4 min read
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  1. Operations & Supply Chain

How Costco Dealt With Inventory Overstocks

The Street has a story about how in the summer of 2022, as the consumer spending that typified the pandemic slammed headfirst into inflation and a post-recession mindset, “Walmart and Target both publicly declared that they had warehouses full of the wrong merchandise for the holiday season. “To fix that, both chains heavily discounted certain […]
2 min read
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  1. Channel: Mass

Walmart Targets Small Businesses With Walmart Business Offering

Walmart last week launched a dedicated e-commerce site tailored to small and midsize business (SMB) customers. The website, Walmart Business, will offer “a curated assortment of more than 100,000 items with categorization and navigation tailored to busy organizational shoppers, Walmart said in a press release. The product categories include office supplies and furniture, food and beverage, restroom, […]
2 min read
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  1. Technology & Innovation

A big CES 2023 trend: all battery power, everywhere, all the time.

As we were roaming the halls of CES in Las Vegas, one product category stood out across the board; there’s a lot of focus on portable (and less portable) power storage. These are more than your average charge-your-phone-once-or-twice battery packs, ranging from simple small power packs, to sophisticated power stations that can connect to portable […]
6 min read
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  1. Channel: Club

Costco’s December sales beat shows the Club holding is still the retailer to own

[[“value”:”Club holding Costco Wholesale (COST) delivered strong sales growth in December, demonstrating the retailer’s ability to consistently attract customers despite gathering economic headwinds. For the 5 weeks ended Jan. 1, Costco’s net sales increased 7% year-over year, to $23.8 billion, the company reported Thursday. Total comparable sales, which excludes the impact of fluctuations in gasoline […]
2 min read
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  1. Channel: Ecommerce & Digital

Boxed To Explore Strategic Alternatives, Including Possible Sale

Boxed, which gained attention when it launched as a e-commerce site offering club-style SKUs without requiring a membership in the style of Costco or Sam’s Club, yesterday said it “has launched a process to explore strategic alternatives, including, among other alternatives, a possible sale of the Company. In addition, the Company is, in parallel, actively […]
< 1 min read
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  1. Trends & External Forces

Pickleball popularity exploded last year, with more than 36 million playing the sport

South Pasadena, CA – July 23: Pete Dinero, right, eyes a shot as his partner David Valera looks on as they play pickleball at the Arroyo Seco Racquet Club in South Pasadena on Saturday, July 23, 2022. Keith Birmingham Getty Images Terri Graham, the co-founder of the Minto US Open Pickleball Championships, the largest event […]
3 min read
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  1. Technology & Innovation

Retailers brace for tougher times and more frugal customers in 2023

January is typically an overlooked month for retailers. Shoppers make returns and exchanges. They come to stores with gift cards in hand. And they may spring for workout clothes or other items to follow through on New Year’s resolutions. But this year, January carries higher stakes. The next few weeks, which close out many retailers’ […]
3 min read
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  1. Corporate Purpose

Jim Cramer’s Investing Club meeting Friday: Fed strategy, Club mantra, buying opportunities

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.[[“value”:”Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. The Fed isn’t ready to stop Investing mantra reminder Looking to buy 1. The Fed isn’t ready to […]
2 min read
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  1. Channel: Club

Costco Exec Warns That Members Should Expect a Fee Hike

There’s a reason so many people love shopping at Costco despite having to pay a membership fee to be able to walk through the door. Costco is known for its competitive prices across a wide range of grocery and household products. Plus, Costco’s rotational products also tend to be heavily discounted, so all told, there’s a lot […]
2 min read
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  1. Channel: Grocery

In Texas, The Positive Impact Of A Rising H-E-B Tide

From the Dallas Morning News, a story about how “the owners of nearby retail properties and buyers of land near future H-E-B stores are also excited to see the popular grocer expanding to Dallas-Fort Worth.”  These companies believe in the aphorism that a rising tide will lift all boats, generating new occupants for shopping centers […]
< 1 min read
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  1. Data & Insights

November 2022 Earnest Research Spend Index

The Earnest Analytics Spend Index (EASI) fell below year ago levels in November, as both in-store and online sales decelerated meaningfully. Fashion Resale and Active & Athleisure stood out among Apparel & Accessories, growing low single digits headed into the holiday season. Gyms and Workout continue to recover from the pandemic, while Home Fitness declined […]
< 1 min read
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  1. Stores & Formats

Dollar General Sees Big Things For Suburban Popshelf Format

CNBC reports that Dollar General, which already is pursuing an aggressive growth strategy for its eponymous chain, also is planning to ramp up expansion plans for its Popshelf format, which “caters to suburban shoppers with higher incomes, but sells most items for $5 or less” and is “designed to be a treasure hunt that keeps […]
2 min read
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  1. Channel: Club

Costco misses estimates for first quarter results

ISSAQUAH, Wash. — Costco Wholesale Corp. posted gains in first quarter sales and profits, but they fell short of analysts’ estimates. Adjusted earnings per share of $3.07 in the quarter ended November 20 were up from $2.98 a year earlier, but missed Wall Street’s forecast of $3.11 per share. Sales were $53.44 billion, up 8.1% […]
2 min read
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  1. Department: Nonfood

2022 Retail Ranking: Black Friday and Cyber Monday

Key takeaways Almost 1-in-4 shoppers spent the most at Amazon during Cyber-5 Home goods and furnishings retailers lost top wallet share lapping difficult pandemic comps Dollar stores and warehouse clubs gained top wallet share as consumers traded down on inflation Earnest Analytics First Choice Retailer Methodology The Earnest First Choice Retailer Rankings are based on […]
6 min read
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  1. Shopper & Customer

Trader Joe’s Grocerant Mix & Match Meal Components, Resonate with Consumers

Regular reader of this blog know that the halo of ‘better for you’ is one of the key drivers of the successful growth and consumer adoption of the grocerant niche.  According to Steven JohnsonGrocerant Guru® at Tacoma, WA based Foodservice Solutions® Trader Joe’s focus on food quality, variety, portion size, combined with a true understanding […]
2 min read
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  1. Channel: Club

Costco named ‘company of the year’ by Yahoo Finance

The warehouse club operator received high marks for its revenues and stock performance Citing the accomplishment by Costco Wholesale Corp. of keeping its prices competitive while boosting sales, Yahoo Finance has named the warehouse club operator its 2022 Company of the Year. “In a year of rampant inflation—not seen since the early 1980s—Costco  was a […]
2 min read
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  1. Channel: Grocery

Kroger, Albertsons Execs Defend Merger to Senate Committee, Say Consolidation is Needed to Compete with Walmart and Amazon

Top executives from Kroger and Albertsons defended their proposed merger at a congressional hearing, saying the combined company would be in a better position to compete with grocery giants Walmart, Costco and Amazon. Critics of the nearly $25 million deal testified that it would worsen food deserts and lead to higher prices. Since the merger […]
3 min read
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  1. Technology & Innovation

Apple, Macy’s and IKEA Rank High in Innovation but Social Impact Scores are Mixed

What people think about when they focus on retail innovation is the tech side of the business — next-generation marketing tools, cutting-edge last mile vehicles, frictionless checkout — but there is still plenty of innovation happening in the more foundational strategies of running a retail business. Fordham University’s American Innovation Index (Aii) follows the logic […]
3 min read
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  1. Channel: Ecommerce & Digital

Apple, Macy’s and IKEA Rank High in Innovation but Social Impact Scores are Mixed

What people think about when they focus on retail innovation is the tech side of the business — next-generation marketing tools, cutting-edge last mile vehicles, frictionless checkout — but there is still plenty of innovation happening in the more foundational strategies of running a retail business. Fordham University’s American Innovation Index (Aii) follows the logic […]
3 min read
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Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023

In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
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Retail Traffic Trends #112: Consumer Habits 2023

While some trends come and go, there were a few trends that have stayed with consumers throughout the year.   As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate.    This week we look at trends to increase foot traffic and customer loyalty. […]
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