Traffic at Walmart, Costco and Target falls for the first time in weeks as coronavirus stockpiling behavior shifts

Traffic at Walmart Inc., Costco Wholesale Corp. and Target Corp. dropped for the first time in the weeks since the coronavirus pandemic ramped up in the U.S., according to Placer.ai. Walmart traffic was down 6.7% year-over-year for the third week of March. The previous week, traffic was up 18.4%. At Costco, [...]

2020-04-02T20:11:56+00:00April 2nd, 2020|Tags: , , , , |

Costco exec says it won’t copy Walmart’s blockbuster online grocery strategy because ‘if somebody wants something in an hour, they’re probably not going to get it from us’

Costco isn't jumping into the grocery pickup game any time soon. In response to an earnings-call question from RBC Capital Markets' Scot Ciccarelli about whether Costco had any plans to jump on the pickup trend like Walmart has, CFO Richard Galanti threw cold water on the idea. He said that [...]

2019-06-10T16:16:18+00:00June 10th, 2019|Tags: , |

The Future Of The Supermarket: Fresh Is King

E-commerce is disrupting the arena of the traditional supermarket industry. Old moguls, like Walmart and Costco, have initiated their own online businesses to survive this seismic shift. Walmart’s net sales from e-commerce grew 60% and 50% in Q2 and Q3 of 2017 respectively, while total sales grew just 1.8% and [...]

2018-02-26T17:46:38+00:00February 26th, 2018|Tags: , , |

Amazon Just Got Serious About Groceries

Since Amazon.com took over Whole Foods Market last August, competitors and customers have been anticipating the e-commerce giant’s disruption of the grocery industry. Amazon tinkered with lower prices and added its pick-up lockers to the supermarkets, but it wasn’t until last week that the company launched the kind of disruptive gambit that [...]

2018-02-13T18:00:44+00:00February 13th, 2018|Tags: , , , , |

Amazon and Kroger are reportedly duking it out over the ‘Costco for millennials’ company Boxed

It seems Boxed will soon need to beat off its suitors with a stick. According to a new report in the New York Post, the buy-in-bulk e-commerce site — which some have called the “Costco for millennials — has reportedly drawn the interest of another retail giant: Amazon. Amazon CEO Jeff Bezos [...]

2018-01-26T19:29:41+00:00January 26th, 2018|Tags: , , , |

There’s a fierce food fight happening in the grocery store industry and Costco is a victim

There’s an all-out food fight happening in the grocery store business, and Costco became the latest victim to get hit with some pudding to the face. The warehouse club retailer released second-quarter fiscal 2017 comparable store sales and profits that missed Wall Street’s forecasts. Shares of the company, which were fresh off [...]

2017-03-09T19:22:12+00:00March 9th, 2017|Tags: , , , |