Costco proves why it's Amazon-proof as stores like Target and Macy's struggle
Target joined the lineup of retailers to report weaker-than-expected holiday sales numbers on Wednesday. breaking its eight-quarterWhile analysts weren't ready to sound the alarm just yet, its results stood in stark contrast to another one of retail's top players — Costco, indicating that the warehouse chain really is one of the few players that has managed to stave off the threat of Amazon.
When compared to its brick-and-mortar peers — Macy's, Kohl's, and, most recently, Target — these numbers look out of place, but they're proof that Costco's unique business model and shopping experience are paying off with customers. "Members trust that they are going to get a good deal on whatever they buy," Timothy Campbell, a director at Kantar Consulting, told Business Insider. "I think the fact that it has been doing that for decades has enabled it to withstand the online onslaught."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Runner’s Guide for What to Buy at CostcoFuel your runs and boost recovery with these dietitian-recommended items.
Read more »
Thousands of Amazon Shoppers Swear This Is the Secret to Perfect PopcornSalbree’s microwave popcorn maker is the number one best-selling popcorn popper on Amazon, with thousands of reviewers raving about how easy it is to use and clean.
Read more »
Attention Amazon shoppers: E-retailer reportedly fires staffer for sharing customer dataIt's unclear how many customers received the email on Friday, or exactly how many employees were terminated for such offenses.
Read more »
India orders antitrust probe of Amazon, Walmart's FlipkartIndia ordered an investigation of Amazon.com Inc and Walmart's Flipkart on ...
Read more »
Has Amazon Already Figured Out the Future of the Music Streaming Business?In order to grow, streaming services may need to offer customers more, better, and cheaper subscription options — something Amazon is already doing
Read more »
Jeff Bezos says Amazon is donating $690,000 to Australian bush fire effortsPeople are criticizing Jeff Bezos for Amazon's $690,000 donation to Australian bushfire efforts, comparing his donation to those of other celebrities worth far less.
Read more »