Sam's Club is going after Costco through the hearts and wallets of Gen Z shoppers. ‘That generation believes it's cool to save money,' CEO says [Yahoo! Finance]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: Yahoo! Finance
Sam's Club, the Walmart-owned membership-only warehouse store , believes it has cracked the code to winning over the young generation and hold the advantage over competitors like cult favorite Costco Sam's Club CEO Chris Nicholas told CNBC in an interview last week that company membership has been transformed by young shoppers. In the past two years, Sam's Club saw a 68% growth in Gen Z members. “The quickest growth in our business over the last two years has been the Gen Z and millennial members,” Nicholas said. “That generation believes it's cool to save money, and we agree with them.” Gen Z's bitter attitude toward the economy and strong desire to save have made them perfect candidates for discount retailers. The generation approaching their late twenties are leading the trend in preferring private-brand products, with 64% of young shoppers saying they buy private brands “always/frequently,” according to a November 2023 Private Label Manufacturers Association survey of 934 re
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COST
News
- Costco opening 2 new Bay Area locations [Yahoo! Finance]Yahoo! Finance
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- 3 Wild Costco Rules You May Not Realize Exist [Yahoo! Finance]Yahoo! Finance
- 4 Costco Products You Should Never Buy at Full Price [Yahoo! Finance]Yahoo! Finance
- Costco Plans to Build 800 Prefab Apartments Above Its Newest Store [Yahoo! Finance]Yahoo! Finance
COST
Earnings
- 5/30/24 - Beat
COST
Sec Filings
- 6/20/24 - Form 11-K
- 6/6/24 - Form 10-Q
- 5/30/24 - Form 8-K
- COST's page on the SEC website