Also from Max Goldberg...
March 4, 2010
FROM RETAILWIRE:
Wall Street may have had problems with earnings per share coming in lower than predicted for Costco and BJ's yesterday, but the numbers suggest those two chains along with Sam's are in a pretty good shape compared to many others in the grocery business. Are warehouse clubs fully exploiting the advantages they have over retail food competitors?
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My primary comparison is Costco and Ralphs. Not only does Costco have better products, they have significantly lower prices. My family does most of its general grocery shopping at Costco or Trader Joe's and uses Ralphs for those items that the other stores don't carry. What began as necessity during the Southern California grocery strike, has become habit.