Costco Wholesale Corp. posted increases in net sales, same-store sales, and net income during the third quarter of fiscal 2019, but did not meet analyst expectations for revenue.
Store brands are proving to be a powerful weapon for mass merchandisers, warehouse club stores and dollar stores as they compete against both Amazon and other brick-and-mortar retailers.
Sam’s Club wants to make it easier for customers to use its Scan & Go system, which allows a shopper to scan items as they place them in their shopping cart, and then pay for the goods in Sam’s mobile app.