Costco

Articles on Costco.

  1. Channel: Drug

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. Data & Insights

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: Convenience

Buc-ee’s expansion could have highest impact on Shell, Exxon Mobil, and Circle K

Track Gas Station spending for free Access chart data in Dash. Around 73% of Buc-ee’s customers also shopped at Shell in the trailing 12 months ended March 24, 2024 according to Earnest credit card data. It is just one sign that the gas station chain is making inroads with incumbent gas station brands. The jumbo-sized […]
2 min read
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  1. Trends & External Forces

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. Trends & External Forces

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. Trends & External Forces

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: Grocery

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: Grocery

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. Data & Insights

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. Trends & External Forces

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

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: Ecommerce & Digital

Amazon’s Data Drives Fresh Food Fast with Reservations for Grocery Pick-Up or Delivery

  On average, grocery shoppers buy approximately 260 different items at the grocery store throughout the year, with just over 100 of them food items. It’s interesting to note that grocery store typically stock, a much larger variety of products, with an average of 35,829 items.  According to Steven Johnson grocery stores understand just how […]
3 min read
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  1. Channel: Grocery

FTC sues to block Kroger-Albertsons merger

WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over […]
2 min read
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  1. Department: Consumer Durables
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  5. Trends & External Forces
  6. Stores & Formats

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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  9. Associates & Employees

Where Does One U.S. Tax Dollar Go?

See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […]
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