The Costco customer is younger and richer than ever—here's why
Publishing timestamp: 2023-02-09 15:33:48
Summary
Costco is a highly popular warehouse chain with a voracious fanbase, and its customers tend to be highly affluent. This is due to the cost of membership, the locations of the stores, and the higher-priced items they offer. Sam's Club, Costco's primary competitor, has a lower-income customer base due to its relationship with Walmart.
Sentiment: POSITIVE
Tickers: COST,
Keywords: grocery shopping, personal finance, shopping, personal spending, costco wholesale corp,
Source: https://www.cnbc.com/2023/02/09/the-costco-customer-is-younger-and-richer-than-everheres-why.html