Costco news

13 September 2017
Costco are setting-up an online shopping website in Australia, with launch expected in early 2019. The online offer...  Costco are in the early stages of developing an online shopping platform in Australia in preparation of Amazon's imminent entry to the market. The retailer will build one the largest dedicated warehouses in the country on the Oakdale Estate in Sydney to service their plann...
02 August 2017
Costco in Australia has confirmed that its latest store will open in Marsden Park, one of Sydney's north western suburbs, at the end of August. Third stores to serve Sydney The Marsden Park store will be the retailer's third store in Sydney, following stores in Auburn and Crossroads, which opened in 2011 and 2013 respectively. The store will be located 50km from central Sydney and will serv...
07 June 2017
Financial accounts filed with Companies House show that Costco UK grew sales by 8.0% in the full year 2015/16 (to 28 August 2016), taking its turnover over two billion for the first time, reaching £2,056.6m.  Around one third of this growth came from the first full year of trading of the new warehouse at Sunbury, opened in August 2015.  Food and grocery categories performed especially well, wi...
26 May 2017
We review Costco's latest performance and growth opportunities as it gets ready to open its first club in France. Competition in France will be intense Costco is embarking on the next phase of its European expansion from a position of strength. Its third quarter revenue increased by 7.8% to $28.9bn, while comparable store sales, excluding fuel and currency impacts, increased by 5%. The reta...
20 April 2017
We review how Sam's Club repositioned its Member's Mark brand, and the plans for its future development. Consolidated 21 brands into Member's Mark Over the last year Sam's Club has focused on consolidating 21 different private brands into one, Member's Mark. As part of this process, the retailer reviewed the entire private brand line-up to ensure that products emphasise both quality and val...
03 April 2017
Costco Canada has opened its first Business Centre as it embarks on a more aggressive opening plan this year. First launch of the format outside of the US The Costco Business Centre format was launched in the US over 25 years ago. However, the concept has grown at a relatively slow pace with 15 sites currently trading in the country. The launch in Canada is the first time that the format is...
27 March 2017
As Costco announces a new delivery partnership with Shipt, we look at how the retailer is starting to ramp-up its ecommerce activities. Potential to expand the service to 50 US markets Costco will initially work with Shipt in the Florida market for home delivery, before potentially expanding the service to 50 markets across the US by the end of the year. Shipt operates slightly differently ...
07 March 2017
With several major retailers recently reporting quarterly results recently, including Walmart, Kroger and Costco, we look at the five key themes shaping their performances.  1. Deflation making its impact on growth rates Growth rates across the grocery retail market have slowed significantly over the last year. While the factors behind this are often complex and relative to each individual ...
02 March 2017
We review Costco’s second quarter performance, including a new focus on EDLP pricing. 1. Sales improved despite stronger cannibalisation impact Costco’s second quarter net sales increased by 5.7% to $29.1bn, with comparable store sales up 3%, excluding currency and fuel impacts. Net income fell by 5.7% to $515m. This represents a marginal improvement on the comp sales performance in Q1, des...
26 January 2017
Amidst a difficult economic backdrop, we look at the strategies driving growth at Mexico's leading grocery retailers. Uncertain times for consumers and business The ascent of Donald Trump to the presidency of the US has injected much uncertainty to Mexico's relationship with its larger neighbour to the North. GDP forecasts for 2017 have been cut sharply, with growth of under 2% now expected. Ma...