Wholesale Club Expansion: Why Costco, Sam's Club, and BJ's are Opening New Stores, Gaining Members, and Dominating the Retail Sector
Wholesale Club Expansion: Why Costco, Sam's Club, and BJ's are Opening New Stores, Gaining Members, and Dominating the Retail Sector Key Takeaways Inflation's Impact : Rising prices have forced shoppers to seek value, making warehouse clubs a go-to for savings on essentials and gas. Membership growth has skyrocketed across all three major players. Digital & Experience Shifts : Clubs are no longer just about bulk bins. They've added sushi chefs, digital scan-and-go tech, and curbside pickup, appealing to younger demographics who value convenience. Aggressive Expansion : Costco, Sam's Club, and BJ's are all expanding into each other's territories, with Sam's planning 15+ new clubs yearly and BJ's targeting 25-30 locations in the next two years. Warehouse clubs are having a moment Yeah, I've been a Costco member for over a decade now, and something really shifted these past few years. Remember when wholesale clubs were just for small businesse...