- October 18, 2023
Costco Wholesale has announced that CEO Craig Jelinek will be stepping down on Jan. 1, 2024, after more than a decade at the helm of the company, the company reported ...
- October 6, 2023
As major retailers struggle to strike the balance between winning grocery delivery customers from competitors and boosting margins per order, Amazon continues to adjust its free delivery minimum for its ...
- October 3, 2023
Citi announced that Costco Anywhere Visa cardmembers can now access its buy now, pay later (BNPL) option, Citi Flex Pay, to pay for purchases.
The option allows cardholders can pay over ...
- September 27, 2023
Costco has built its reputation on value-based bulk deals, and it’s an offering that keeps shoppers flocking to its stores.
This deep-seated sentiment is confirmed by the retailer’s confidence, as evidenced ...
- September 25, 2023
Costco is offering members medical care via a partnership with online health marketplace Sesame.
The deal comes as several retailers expand their healthcare offerings.
According to the Sesame website, Costco members can ...
- September 13, 2023
In today’s fast-paced world, gift-giving has become a convenient and versatile practice. Among the many options available, gift cards have emerged as the go-to choice for many. These small, plastic ...
- August 22, 2023
Membership chains such as BJ’s Wholesale Club are seeing the gains they made at the highest points of grocery inflation hold strong, even as price increases moderate.
BJ’s, for its part, a membership ...
- August 7, 2023
The 69th annual Fortune 500 list was published earlier this summer, and most people paid it little mind. What was once considered a coveted benchmark for “making it” is now ...
- June 28, 2023
Costco is taking a page from Netflix’s book, cracking down on membership sharing, but the wholesaler may be overlooking a key difference between its membership and the streaming service’s.
In an ...
- May 25, 2023
Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items.
The membership warehouse club’s comp sales rose 0.3% year over year during the quarter that ended May ...
- May 9, 2023
At Costco, eCommerce and discretionary items saw declines in sales in April.
During the four weeks that ended April 30, the membership warehouse club recorded a year-over-year increase in total sales ...
- April 17, 2023
Direct-to-consumer brands are increasingly using warehouse club stores to reach new, bargain-hungry consumers.
As a report Monday (April 17) by Modern Retail noted, this trend is well-established but has become a larger part ...
- March 27, 2023
With consumers working more jobs to make ends meet, many are seeking quick meals.
The Context
As rising economic pressures force many consumers to take on these additional jobs, fewer have ...
- March 2, 2023
Costco is drawing in customers amid inflation by meeting their demand for more affordable restaurant alternatives.
On a call with analysts Thursday (March 2) discussing the members-only warehouse chain’s second quarter ...
- January 4, 2023
Target is “no longer an attractive investment,” a Wells Fargo analyst said Wednesday, citing a range of continued headwinds and challenges.
This, as Edward Kelly, an analyst for the bank, said ...
- December 27, 2022
Increased online grocery shopping is a souvenir of the COVID shift, but supermarkets aren’t going anywhere.
Now approaching three full years since the health emergency was declared and restaurant delivery aggregators ...
- December 12, 2022
Kroger is delivering flowers on demand via DoorDash in a bid to differentiate its offerings.
The supermarket group announced Monday (Dec. 12) that, across its various supermarket chains, it is partnering ...
- December 9, 2022
Costco continues to lean on low-priced food options to attract shoppers even as performance lags.
The bulk discount retailer shared on a call with analysts Thursday (Dec. 8) discussing the company’s ...
- December 9, 2022
Costco’s strong membership and renewals were not enough to offset a slump in digital sales.
According to Costco CFO Richard Galanti, while the retailer’s 847 stores in the U.S., Canada and ...
- December 1, 2022
Costco’s stock fell Thursday (Dec. 1) after the company reported slowing sales between October and November.
The bulk discount retailer said sales for the four weeks ending Nov. 27 — including ...
- October 6, 2022
While the vast majority of businesses’ pre-pandemic offerings returned a while back, there have been certain holdouts that continued to seem too risky even with most legislative restrictions peeled back. ...
- September 23, 2022
Since opening its first warehouse store in Seattle 40 years ago, Costco has never wavered from its mission “to continually provide our members with quality goods and services at the ...
- September 1, 2022
Value and savings are dominating consumer sentiment in a down year, causing a belt-tightening response that is leading more retailers and brands to lean into memberships and bundling as defense ...
- July 11, 2022
Costco CEO Craig Jelinek said Monday (July 11) that it’s “not the right time” for the bulk-discount retailer to consider price increases in membership fees — or on the price ...
- June 29, 2022
Today in food commerce, Sharebite raises $39 million in its Series B funding round and Israel-based computer vision company Trigo announces an autonomous grocery store in partnership with German supermarket ...
- June 29, 2022
The rumors are false and the bargain remains. Costco’s $1.50 hot dog, a food court steal that comes with a 20-ounce soda, is staying the same price, just as it ...
- May 27, 2022
Today in retail, Ulta Beauty benefits from shoppers’ desire to emerge from COVID-19 pandemic lockdowns, while Costco keeps its low-price differentiator in place as inflation continues to rise. Plus, Big ...
- May 27, 2022
Since its founding in 1976, it’s always been about the prices at Costco.
Even the retailer’s website states the reason Costco even exists is to bring its members “the best possible ...
- May 20, 2022
Costco has started selling discounted subscriptions to Apple TV+, Apple News+ or Apple Arcade at discounted yearly prices, according to a MacRumors report Thursday (May 19).
Apple Arcade is available for ...
- April 19, 2022
Today in data, the number of Amazon Prime subscribers dwarfs other retail membership programs by more than a 2-to-1 margin, this at a time when U.K. consumers just scaled back ...
- April 18, 2022
Most Americans subscribe to a membership service with a mass retailer, such as Amazon Prime, Costco, Sam’s Club or Walmart+.
Amazon Prime leads the way. An estimated 166 million U.S. consumers ...
- April 18, 2022
Subscriptions have never been hotter, especially those offered by mass merchants to lock in loyalty and ideally increase order values. With so many now subscribed to one or more mass ...
- April 8, 2022
Today in data, membership has its privileges. Also, Wing launches Dallas-Fort Worth drone delivery, and French daily newspaper Le Monde is pushing to add 1 million new digital subscribers by ...
- April 7, 2022
Today in retail, Sezzle Canada expands its reach, while Walmart hands out pay raises to drivers. Plus, Wing begins drone delivery of medications and more, Neighbor looks to stay profitable ...
- April 7, 2022
New sales data from the country’s largest chain of warehouse stores shows consumers are indeed making changes in how and where they shop as a result of the short-term spike ...
- March 7, 2022
Verifying new customers’ identities remains the biggest challenge for businesses. Plus, Costco looking to stand out from the crowd with its unusual product mix, and all the latest news from ...
- March 4, 2022
Today in retail, Costco tries to control costs as inflation continues to rise, while Gap’s muted sales report doesn’t scare investors. Plus, Petco adds vet services through the acquisition of ...
- March 4, 2022
In an industry that typically compares apples and oranges, it’s not every day you hear a major retailer discuss the relative strength of its “jewelry and tires” sales in the ...
- December 29, 2021
Of the 26 states — and Washington, D.C. — mandating minimum wage raises in 2022, California and New York are the only states that will require employers to pay at ...
- December 9, 2021
Retail chain Costco’s quarterly results for Q1 2022, released Thursday (Dec. 9), were better than initially expected, with quarterly revenue rising 16.6% in the quarter ending Nov. 21 for a ...
