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Customers have been flocking to warehouse clubs in recent months, even surpassing pre-pandemic levels, and Costco is dominating when it comes to market share according to a new report.
Walking traffic analysis firm Placer.ai released the data, showing that Costco is a leader with 55.5% of wholesale customers passing its doors in August compared to Sam’s Clubs, owned by Walmart, with 36.2% and BJ’s Wholesale, with 8.3%.
| Ticker | Security | Last | Exchange | Change% |
|---|---|---|---|---|
| COST | COSTCO CORP. | 458.17 | -1.49 | -0.32% |
| WMT | WALMART, INC. | 144.26 | -0.85 | -0.59% |
| BJ | BJS WHSL CLUB HLDGS INC | 57.80 | -0.11 | -0.19% |
COSTCO COMPANY RATES SET TO INCREASE
“Costco’s visits have grown steadily compared to 2019, with visits in June, July and August, 9.8%, 13.8% and 12.8% compared to the equivalent months of two years earlier “Placer.ai reported. “The incredible increase in visits is a strong sign that the brand not only managed to have relative strength during the pandemic, but also turned that short-term strength into a basis for long-term success. given the viscosity of its membership model and the strength seen before the pandemic, there are real reasons to believe that Costco will be even stronger in the coming years. “
But the three wholesale clubs are experiencing rises beyond 2019. During August, visits increased 11.9% at Sam’s Club and 15.4% at BJ’s compared to two years earlier. In July, those figures were 13.8% for Costco, 18.1% for Sam’s Club and 17.1% for BJ.
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Meanwhile, as COVID-19 persists and the delta variant continues to increase, Costco has re-established purchasing limits for some items, such as paper and water products, and reversed its decision to raise purchasing hours. for virus-related concerns.