Can Costco maintain its edge over Sam’s Club?
Publishing timestamp: 2023-03-24 08:00:01
Summary
The U.S. warehouse club industry, valued at over $320 billion, is dominated by Costco with over 65 million paying members. However, Walmart-owned Sam's Club is investing in robotics and technology to better engage with budget-conscious shoppers and compete with its rivals. The article explores how warehouse clubs like Sam's Club attract members and the impact of new technology on the future of the retail chain and its rivalry with Costco.
Sentiment: NEUTRAL
Keywords: workers' rights, u.s. economy, business, retail industry, video first, consumer electronics, apparel retail, costco wholesale corp, united states, walmart inc, grocery shopping, food trends, food and drink, bj's wholesale club holdings inc, technology, economy, business news,
Source: https://www.cnbc.com/2023/03/24/costco-vs-sams-club.html