Hints and tips:
...Hongkongers are increasingly flocking to mainland China on weekend getaway trips, attracted by cheaper groceries and American-style wholesale warehouses....
...Discount group Dollar General fell 11 per cent, Dollar Tree tumbled 14 per cent and Costco was down 12.5 per cent....
...True to that pattern, Amazon workers have conclusively rejected membership in a closely watched vote....
...In other markets, the big retailers have wrested power from wholesale....
...During the quarter the retailer revamped its membership plan, now known as Walmart+, as part of its efforts to challenge Amazon online....
...Wholesale retailer Costco, electronics retailer Best Buy, Starbucks and American Eagle Outfitters have issued mask mandates for customers....
...Impossible also cut its wholesale prices in March....
...New membership registrations among Nike apps more than doubled to 25 million during the period, half of which belonged to women....
...The latest retailer to report a sales jump was BJ’s Wholesale Club, which has more than 200 membership outlets in the eastern US....
...This week grocers Kroger and Costco Wholesale began limiting customer meat purchases to ration supplies....
...Send membership inquiries to due.diligence.forum@ft.com. Now back to the show . . ....
...To sell more $4.99 rotisserie chickens, the retailer Costco Wholesale is hiring 800 workers to dispatch 2m birds a week at a new complex west of Iowa in Nebraska, says Jessica Kolterman of Costco’s Lincoln...
...At a time when many retailers are racing to adapt to changing shopping habits, Costco has generally held on to its niche as a membership-based warehouse retailer where customers can load up on a range of...
...Costco, the big discount retailer, moved its branded cards from American Express to Citi last year, for example....
...But there is merit in his vision of Sears as a membership club like Costco, whose flagship brands are available at other retailers....
...Wholesale clubs have bucked some of the pain because of recurring membership fees....
...A version of this article was first published by the Nikkei Asian Review on September 26, 2018. ©2018 Nikkei Inc. All rights reserved....
...US retailer Costco saw its revenue rise 13.3 per cent year-on-year in the most recent quarter as rising membership fees and the addition of the busy Black Friday shopping day helped boost its bottom line...
...Small-town big-box goliath Walmart announced in January that it was closing down 63 of its Sam's Club stores, a tenth of its wholesale membership warehouses which compete with Costco....
...Costco’s business model differs from many other US retailers in that it charges shoppers a membership fee to gain access....
...Jeff Brotman, a co-founder of wholesale retail chain Costco and chairman of its board of directors, died early Tuesday morning, the company announced....
...— How bulk-buying stores like Costco are affecting consumption inequality. — Michael Jordan is a venture capitalist now....
...Costco has plotted a steady course of growth by selling memberships to its warehouse-like stores....
...If Whole Foods customers wanted cheaper organic avocados, they’d already be shopping at Waitrose, Sainsbury, Costco or Walmart....
...On June 1 Costco will raise membership fees 10 per cent, which analysts expect will further boost the company....
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