While the wholesaler had once lagged behinds its rivals in ecommerce, last year’s partnership with Instacart is now ready to turn that around. The company expects to expand its two-day dry and same day fresh grocery delivery to all 519 U.S. locations by the end of 2018. Comparable sales were up 6.5% in the first 31 weeks of its fiscal year, helping to stave off concerns that the bulk retailer is losing millennial customers to competitors such as Target and Amazon Prime. And membership still has its benefits: The bulk of Costco’s operating income comes from fees generated by its 90 million members. Last year, renewal rates maintained a healthy 90% in the U.S. and 87% globally.
Looking for leads, investment insights, or competitive intelligence?
News about Costco
Casualties include a popular hot dog – but not the store’s biggest calling card.
But taking on Costco and Sam's won't be easy.
Apeel Sciences is the startup behind the technology.
With the disease flourishing in the food supply, it's not safe to go back in the watermelon.