For the fiscal month of August, Costco reported net sales of $13.56 billion versus $11.79 billion for the period a year prior.
Costco is committing $25 million to a new impact investment fund that will fuel Black-led financial institutions and community development initiatives.
As more retailers roll out contactless services for consumers concerned about the coronavirus, BJ’s Wholesale Club is now offering contactless, curbside pickup service at all store locations.
Instacart and Costco have partnered to launch same-day delivery from 76 Costco warehouses across Canada. Instacart’s national partnership with Costco in Canada comes on the heels of a nationwide partnership with Costco in the U.S.
BJ’s Wholesale Club has appointed Monica Schwartz as svp/chief digital officer, effective August 3, 2020. Schwartz will be responsible for the strategic leadership of the company’s digital business, and will report directly to BJ’s president and CEO, Lee Delaney.
Costco is known as a go-to destination for consumers looking to stock up on everything from food to floor care, and a relatively new assistant buyer, Taylor Martinez, is attracting attention in the home environment and personal care appliance categories.
For the five week fiscal month of June, Costco reported net sales of $16.18 billion, up 11.1% from the period a year earlier.
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
Costco’s store traffic has been a highlight of its performance through the coronavirus outbreak in the U.S., according to traffic tracker Placer.ai.
Effective May 4, Costco has set new rules for shopping its warehouse clubs, including member and guest mouth and nose face coverings.
BJ’s Wholesale Club has appointed Paul Cichocki as evp/membership, analytics and business transformation, effective April 1. Cichocki will be responsible for the company’s membership, marketing and analytics organizations, and will report directly to BJ’s president and CEO Lee Delaney.