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Costco may be crazy like a fox. Costco Wholesale is a huge and successful retailer. Yet there are a few recent signs that it might be increasingly difficult for Costco to maintain and grow revenue in the future as […]
A good friend of mine was talking about Costco recently, raving on and on about how she couldn’t resist shopping there at least two to three times a week. She said sometimes she doesn’t even plan on buying anything. She […]
Costco\’s ancillary services strategy is a major traffic and membership builder, which they continue to expand on, particularly gas stations. It\’s also a big business, (about $30 billion). The services strategy model is also coming out from under the […]
[…] of their research and much of their shopping from the convenience of their laptop or mobile device. Furthermore, when it comes to kitchen appliances, major purchases of the “big three” in the kitchen suite—refrigerator, stove and dishwasher—happen at very specific […]
[…] come principally from the department store space. If that share shift is going to move to Amazon, then there is certainly less share to feed the off-price space. But that may be the least of the concerns that the off-price players should have. They […]
[…] why a number of analysts believe that Costco is asking for trouble by dragging its feet on curbside pickup. As Chris Walton put it in Forbes, \”At this point, rejecting curbside pickup is like rejecting gravity. It\’s the retail equivalent […]
Last year, US e-retail sales hit $263 billion, according to Forrester Research Inc., representing 8% of total retail sales. The company predicts that by 2018, e-retail will reach $414 billion. While it’s a staggering number, it will still only account […]
“One day, we will eventually see Amazon. com in the physical world, either with stores or kiosks,” I wrote that in my book Amazon.com: Get Big Fast in 2000. At the time, that proposition sounded crazy. I wrote, “But stranger […]
[…] Grocer in a stock swap with an astounding valuation of $1.2 billion. In truth, it was more like a failing company swapping nearly worthless stock with another failing company with nearly worthless stock. Operationally, Webvan guaranteed delivery times of a […]
[…] he says. “The good CEO should be investing 40 percent to 60 percent of their time leading, motivating and getting feedback from the store leaders.” Amen to that. Then there is the matter of culture, a kind of nebulous term, […]
