#InTheClubWithGina edition 6
It's almost game time, fellow club lovers... are you ready for it? https://lnkd.in/gqyX-ag6 Clubs certainly are, with Sam's spreading joy through Member's Mark mystery boxes https://lnkd.in/g8A9Rq3k, BJ's looking to help you "save like a champion" with a $15 digital coupon for any $150 purchase https://lnkd.in/gb8p2_5z, and Costco packaging all your "big game essentials" into a convenient same-day delivery collection https://lnkd.in/g74yHNZJ.
But that's not all that's big (or should I say super?) this week.
Micro insights from the week in club:
- The most breaking news around Costco is still its brand new CFO Gary Millerchip https://lnkd.in/gY_K5ace https://lnkd.in/gBZXzaHU, but it also reported January sales results showing sustained strength in its ecommerce business, even as nonfood comps lagged. Costco has been leveraging its online site to communicate the benefit of general merchandise purchases, particularly for big items like appliances, but these results beg the question: is it working, or is online grocery scoring touchdowns for club, too? https://lnkd.in/gMfV5Y2M
- In terms of new openings, Costco is gaining yardage on its competitors. Representatives in Warwick, Rhode Island reached out to Costco to shop for a spot in the state. BJ's currently owns 100% of the club market in Rhode Island after Sam's Club exited - twice, once in 2012 and again in 2017. A Costco in Warwick would be a major test of BJ's dominance in the Northeast. https://lnkd.in/gttUSXA5 But BJ's is making big plays in the Sam's-dominated South, announcing plans to open its third club in two years in Tennessee on Feb. 16, its 244th overall. https://lnkd.in/ghxfr854 Meanwhile, Costco also won approval for an Economic Development Agreement in Weatherford, Texas, which would mark its 39th club in the state; an incremental gain on Sam's, which owns nearly 70% of the club market in the state. https://lnkd.in/gvEsX3Qg
- Speaking of Texas, Sam's this week announced an Open Call Event on April 4 in Dallas. Such events offer a unique opportunity for small businesses and challenger brands to gain exposure on Sam's shelves. Watch for Sam's top draft picks coming out of this one. https://lnkd.in/gKNtZX3z
#retail #costco #samsclub #bjs
Look at y’all go!! 🙌