Costco Keeps Momentum Going Through Q4
In a market rattled by the COVID-19 pandemic, Costco combined store and online operations to drive fourth quarter and full year financials higher.
warehouse club
Placer: Costco Enjoyed Late Summer Surge
According to traffic tracker Placer.ai, Costco has been coming on strong through August and should benefit from a traffic surge since COVID-19 related shopping restrictions have normalized.
Sam’s Club Names McLay President/CEO
Walmart has named Kathryn McLay president and CEO of Sam’s Club, effective November 15.
Inmar: Supermarket Losing Food Retailing Market Share
Among retailers selling food, according to data analytics and promotions firm Inmar, non-traditional operators are making steady inroads versus traditional operators, including supermarkets, boosting market share to 40% from 39% in 2012 and 34% in 2006.
Study: Convenience, Value Drive Retail Future Growth
Ascential expects convenience stores, food discount stores such as Aldi, discount stores, a term it uses to designate dollar and related general merchandise stores, and membership club stores, to lead retail growth among traditonal operators in the U.S. over the next five years.
Strong Sales Propel Costco In Q4, Fiscal Year
Fourth quarter net revenue at Costco was up 7% as the warehouse club continued to see sales gains in stores and online.
BJ’s Wholesale Club Updates Mobile App
BJ’s Wholesale Club has updated its mobile app including several new features, improved usability and an updated design.
BJ’s Enters Detroit With New Marketing Campaign
BJ’s Wholesale Club is launching a new cross-channel marketing campaign that highlights the company’s approach to the wholesale club experience as it enters eastern Michigan and Metro Detroit.
Costco U.S. Produces Strong Q3 Comp Store Growth
Third quarter net sales at Costco were up 7.4% as the warehouse club chain also reported solid gains in comparable stores for the three month period ended May 12.
BJ’s Wholesale Club Delivers Q3 Sales Growth
BJ’s Wholesale Club, now a public company, beat analyst estimates in the third quarter, delivering net sales and income growth.
Costco August Sales Up 12.2%
August was a busy month at Costco as the nation’s largest warehouse club reported a sales increase of 12.2% over August of 2017.
BJ’s Sets IPO At $17 Per Share
BJ’s Wholesale Club has set its initial public offering of $17 per share as the wholesale club will offer 37.5 million shares.
Costco Grows May Sales
For May, Costco posted net sales of $11.02 billion, up 14.1% from the month last year.
PriceSmart Acquires Aeropost Delivery Service
PriceSmart, a warehouse club retailer that operates stores in Central America, the Caribbean and Colombia, has acquired Aeropost, an end-to-end cross-border package delivery service and online retailer.
Sam’s Club Changes Membership Proposition
Sam’s Club has announced that it is “simplifying” its membership structure by reducing the number of types to two: Club for $45 a year, a membership level formerly known as Sam’s Savings, and Plus for $100.
BJ’s Names Seshadri VP/Digital Commerce
BJ’s Wholesale Club has added Naveen Seshadri to its omnichannel team in the newly created position of vp/digital commerce and experience.
Costco Reports Strong December Comp Sales
December sales at Costco increased more than 14% as comparable store sales for the five-week period ended December 31 were also up more than 11%.
Costco Cruises Through Q1
Costco cruised through its first quarter, with the early holiday sales season giving the warehouse club a jump in net sales, comps and net income.
BJ’s Wholesale Club To Close On Thanksgiving Day
As the holidays approach, BJ’s Wholesale Club said it would close for Thanksgiving Day and open at 7 a.m. on Black Friday.
Costco Posts Strong Sales In August
Costco posted strong comp sales in August, both in the U.S. and international markets, and its e-commerce operation also continued to grow.