Expect to see more consumer package goods on warehouse club shelves, as a new survey reveals this to be a high growth area for CPG companies.
Costco Wholesale Corp. turned in a strong September performance, leading the category with a 12% rise in same-store sales for the month.
The shifting of Easter to April this year impacted the warehouse club sector last month, as both Costco and BJ’s reported March comps that were negatively impacted by the calendar change.
The past three-months were favorable to the warehouse sector, as both Costco and BJ’s Wholesale reported quarterly results that were in-line with or beat analysts’ expectations.
The nation’s discount retailers and warehouse club operators posted strong sales in November, beating analysts’...