Costco

Articles on Costco.

  1. Channel: Club

Costco Tests Membership Card Scanning At Entry Doors

USA Today reports that several Costco stores are testing the use of greeters to scan customer membership cards when they enter, as a way of offering an”improved member experience.” In the past, membership cards only were scanned at checkout;  they just had to show them to the greeter to get into the store.  “Adding ID […]
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  1. Shopper & Customer

3 Lessons From the 2023 End-of-Year Shopping Season

The end-of-year season is always a make or break time for e-commerce brands that can accrue earnings that see their businesses through quiet first quarters. Although inflation eased in the third quarter of 2023, the holiday season can be unpredictable and stiff competition will fight you for every sale. Therefore, you must familiarize yourself with […]
4 min read
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  1. Channel: Grocery

Washington State Expected To Sue To Block Kroger-AlbertsonsMerger

Bloomberg reports that Washington Attorney General Bob Ferguson “is expected to file a lawsuit seeking to block Kroger Co.’s proposed takeover of Albertsons Cos.” According to the story, “The lawsuit is expected to be filed in state court, said the person, who asked not to be named discussing an ongoing investigation. “The US Federal Trade […]
2 min read
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  1. Media & Marketing

Costco To Replace The Churro In Its Food Courts

Axios reports that “a mammoth double chocolate chunk cookie is rolling out to Costco food courts and replacing the fan-favorite churro … The new treat – expected to be in all U.S. stores by the end of January – has mixed reviews among loyal Costco members who take the food court menu and free samples seriously.” Axios […]
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  1. Retailer Media

Retail Media: Everything You Need to Know

For several years now the term “retail media” has been buzzing around both retail and media circles. Whether you’re looking for a deeper understanding of the implications and applications of retail media or need a down-and-dirty explainer on what retail media actually is, you’ve landed in the right place. This special Retail TouchPoints resource hub […]
14 min read
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  1. Trends & External Forces

10 Solutions for Combatting Retail Theft

Major retailers reported record levels of retail theft in 2023, and it seems that the problem is only worsening by the day. According to a 2023 National Retail Security Survey, retail losses swelled to $112.1 billion in 2022, up a staggering 19 percent from $93.9 billion the year prior. Popular retail chains like Target, Kohl’s, […]
3 min read
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  1. Associates & Employees

Costco Blames Itself For Unionization Drive

Costco is getting notice for how it is dealing with a vote by employees in Norfolk, Virginia, to unionize. The vote last month means that 238 workers in Norfolk will join the Teamsters, in what the employees say is an effort to improve working conditions;  CNN writes that “the workers said their hope in becoming […]
4 min read
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  1. Media & Marketing

The Big Idea is Broken. Welcome To Weirdvertising.

Is it just me, or is advertising getting weirder? There was a time not long ago when brands and ad agencies would talk about the big idea and the importance of telling a compelling story. But these days, with TikTok dominating the social media landscape, it seems like big ideas are being traded in for […]
6 min read
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  1. Media & Marketing

Top 10 Stocks on Instagram and TikTok

The Most Talked About Stocks on TikTok and Instagram Investors have a plethora of choices when it comes to investing in the stock market. So, which companies tend to grab the most attention? This graphic is based on November 2023 data from the online trading provider City Index, which analyzed every company in the S&P […]
2 min read
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  1. Channel: Club

Costco Q3 2023 (FY Q1 ’24) Earnings Recap

On December 14, 2023, Costco released FY Q1 2024 results. Costco topped quarterly revenue & earnings expectations due to strong sales in Fresh Foods and Foods & Sundries with eCommerce and Non-Foods showing improvement. Underlying positive sentiment for Costco’s Q1 was anchored by traffic increases of +4.7% worldwide, membership renewal growth being up 10 bps […]
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  1. Channel: Ecommerce & Digital

Target Pauses Shipt Deliveries in Seattle Over New Gig Worker Laws

The Seattle Times reports that Target plans to suspend deliveries by its Shipt service in Seattle this month, a reaction to new ordinances passed by the City Council. Those ordinances were designed to protect gig workers, requiring minimum pay and paid sick time off. However, Target says that those ordinances “impose challenges for Shipt to […]
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  1. Channel: Grocery

Arguments Against the Kroger-Albertsons Deal

Felix B. Chang, a Professor at the University of Cincinnati College of Law and Visiting Professor at Ohio State University Mortiz College of Law who specializes in antitrust, has a piece in the Yale Journal on Regulation in which he makes an argument that Kroger should not be allowed to complete its proposed $24.6 billion […]
2 min read
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  1. Associates & Employees

Costco workers at Virginia store unionize

​[[“value”:” The Teamsters represent 18,000 of the big-box retailer’s workers, and last year secured a national agreement with improved pay and benefits. Published Dec. 22, 2023 A Costco storefront. Employees at a Norfolk, Virginia, store this week voted to unionize with the Teamsters. Kaarin Vembar/Retail Dive “]] 
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  1. Channel: Club

Costco is Golden in Consumers Eyes

  Living in the Pacific Northwest is one of the rewards of life. Being introduced to Costco years ago was an adventure of fresh food discovery and much more according to the team at Tacoma, WA based Foodservice Solutions®.  Now for those of you who might not know Costco is in food industry speak, considered […]
4 min read
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  1. Trends & External Forces

FTC, DOJ Propose New Merger Guidelines Addressing Competition

The Federal Trade Commission (FTC) and Department of Justice (DOJ) have issued a draft of new merger guidelines that, if adopted after a 60-day public comment period, would establish more than a dozen standards that would be applied to all proposed mergers and acquisitions. “The goal of this update is to better reflect how the […]
3 min read
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  1. Retail Ecosystem

Does Steve Make The Grade?: 2023 Predictions Recap (Part 2)

As we reach the penultimate episode of Season 7, it’s time to grade Steve on his annual predictions. In the second installment of a two-part episode, Michael takes out his virtual chalkboard to assess the final batch of Steve’s prognostications, which include a year of trading down, a tale of two cities when it comes […]
2 min read
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  1. Channel: Grocery

Guest Column:  Why C&S Wholesale Grocers Is Nothing Like Haggen

by Scott Moses Content Guy’s Note: Scott Moses, Managing Director and Head of Grocery, Pharmacy & Restaurants at Solomon Partners, yesterday posted a column on his website addressing the concerns that allowing the Kroger acquisition of Albertsons would repeat the mistake made by the FTC when it allowed Albertsons to acquire Safeway in 2015, divesting stores to […]
3 min read
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How Home Depot Plans to Stand Out in the ‘Sea of Retail Media Networks’

Photo courtesy Home Depot Editor’s Note: As the Retail Innovation Conference & Expo (RICE) nears, we’re highlighting recent coverage of some of the speakers and companies that will be taking the stage in Chicago, June 4-6, 2024. Zach Darkow, Head of Marketing Measurement at the Home Depot, will join a dynamic discussion with Jeffrey Bustos of IAB, Claire […]
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Summit Spotlight: Navigating the Retail Growth Outlook DSI

Ecommerce is complex, but too often brands embrace a simplistic view of what it means to their business. The conversation often centers around market penetration or ecommerce’s share of growth and profitability relative to physical retail.  But Russ Dieringer, founder and CEO of the research and analyst firm Stratably, argues this is just one piece of […]
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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