The company, which employs 80, people across the country, says it plans to focus business operations on its supercentre outlets and discount stores as people become more price conscious in the worsening economy. Sam's Club is a members-only, warehouse-style format, similar to Costco. It's been in operation in Canada for five years. Gold Level Executive members also get other discounts and benefits and the Costco Connection magazine.
It's worth noting that Costco also offers a business-focused membership. This includes two tiers as well: Business and Business Executive. One of the key benefits and perks of Costco's memberships is access to its fueling stations which often offer lower prices than other fuel stations , pharmacy, photo center, and rental car options.
For business customers, Costco offers partnerships with payment processing, health insurance, bottled water delivery, and check printing services. Costco also has a co-branded credit card for members. The card, which offers tiered cashback, is considered a solid credit card for those that shop at the retailer. The co-branded card offered by Costco and Citi can be used anywhere credit cards are accepted. Finally, it's worth noting that Costco sells more private branded goods than Sam's Club.
As a shopper, you'll likely find more brand-name items in Sam's Club. However, Costco offers its popular private brand Kirkland in its stores. Costco's private brand products, such as Kirkland, are cheaper than name brand products but are made by many well-known companies, such as Starbucks for their coffee and health care products company Perrigo for their formula. Costco is a publicly-traded company under the ticker symbol COST.
It has several smaller subsidiaries , such as Costco Travel and Kirkland brand products, but aside from that, the company has not branched out into a broad range of other brands and stores. Financial positioning-wise, Costco is well-positioned. As far as business models, they're very similar—both sell memberships to a store where customers buy bulk items. One key difference is that Sam's Club did not expand to the same areas and product categories as Costco. Sam's Club operates stores across the U.
Unlike Costco, which has been aggressively opening stores, Sam's Club has kept its store count relatively steady over the last few years. Its store count has been relatively stable over the last couple of years after closing 60 stores in fiscal Its state with the largest store concentrations are Texas with 82 stores, Florida with 46, and California with Like Costco, Sam's Club offers two membership levels.
The Club level includes access to all its warehouse clubs, as well as the ability to add additional cards. Overall, both of Sam's Club's membership tiers are cheaper than what Costco offers.
Key benefits of a Sam's Club membership include access to its stores, as well as its fuel stations and tire and battery centers. Sam's Club also offers a credit card as well. Sam's Club's MasterCard is issued by Synchrony Bank and can be used everywhere credit cards are accepted. Sam's Club's fiscal sales rose 1. Walmart does not break out where sales come from i. Costco has a greater international presence, while Sam's Club stores are limited to the U.
California has the most Costco stores, while Texas has the most Sam's Club stores. Rhode Island is the only state with neither a Costco nor Sam's Club. When it comes to sales, Costco generates almost three times the amount of sales.
Product-wise, Sam's Club offers more name brands, while Costco has more private brands. For store size, Costco has slightly larger stores at an average of , square feet, while Sam's Club's average , Costco appears to be growing faster, from both a store count and revenue perspective.
Meanwhile, Costco has been on a steady run of net store openings. Both stores have similar return policies, with no time limit for products, except electronics, which generally have a day window. Costco does not accept American Express, Mastercard, or Discover credit cards in stores.
On Costco. Sam's Club has a cheaper membership fee for both its basic tier and its premium tier. However, Costco has more stores overall, although Sam's Club has more stores in the U. Overall, the prices at Costco tend to be cheaper. However, Sam's Club has a greater selection of name-brand products. No, Costco memberships only work at Costco stores and online at Costco. Williams Group, in Toronto. Copyright owned or licensed by Toronto Star Newspapers Limited.
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