Costco's Membership Fees, Low Prices a Magic Formula
With consumers pinching pennies, why are so many people willing to pay just for the right to shop at one chain? Costco, it seems, has found a magic formula.
With consumers pinching pennies, why are so many people willing to pay just for the right to shop at one chain? Costco, it seems, has found a magic formula.
Much to retailers' surprise, old man winter didn't deter consumers from the post-holiday clearance sales. Merchants posted better-than-expected January results despite the dreadful weather that had caused many analysts to cool their forecasts.
Warehouse retailer BJ's Wholesale Club is in the process of hiring an advisor to explore a possible sale of the company to a private equity firm.
Retail stocks tend to rise ahead of other sectors in the early stages of an economic recovery, and so far, following a familiar pattern, both up-market and discount chains have benefited at the expense of middle-market players. So is it time to buy stock in wholesale clubs?
After a stronger-than-expected spring, summer doldrums have hit harder than usual. Merchants' second-quarter reports and a slow economic recovery means retailers have to work hard to boost sales for the year.
The earnings spotlight falls on retailers this week, and expectations are high for many of them, including Abercrombie & Fitch and Dollar Tree, which has benefited from the recession and slow recovery.
The Commerce Department's monthly sales tally for November showed unexpected pockets of strength among retailers, including car dealers and online sales. Most retail categories posted higher sales, except clothing and housewares.












