Club & Warehouse

Costco’s enhanced its ability to sell 3D televisions with the renewal and upgrade of a relationship with Premium Retail Networks (PRN).

Under the new agreement, PRN’s upgraded in-store media HDTV Network will provide Costco warehouses with a dedicated 3D content channel to support Costco’s 3D consumer electronics education initiatives. PRN is further integrating its HDTV Network platform with Costco’s technology infrastructure to support a wider range of media formats.

BENTONVILLE, Ark. — Sam's Club announced that Dale Talde, celebrity chef and owner of Talde and the soon-to-be opened Pork Slope Restaurant, both in New York, joins the Sam's Club Simply Delicious Chef Brigade to help families serve up healthy, restaurant-quality meals in their own backyard.

PITTSBURGH — GNC recently extended its relationship with Sam's Club, the company announced in conjunction with its second-quarter results.

Beginning in third quarter 2012, GNC's presence in all Sam's Club locations will incorporate established shelf space with branded signage, adding to the existing rotational assortment program.

New Orleans -- New Orleans has rolled out the red carpet in order to assure the first Costco location in the state.

The city council on Thursday unanimously approved nearly $6 million in financial incentives for a planned Costco in the New Orleans suburb of Carrollton.  
 
The $45 million, 148,000-sq.-ft. Costco marks the warehouse club operator’s state debut, to reportedly be followed by a second in the capital city of Baton Rouge.

The New Orleans store is slated to open late summer 2013.
 

San Diego – Warehouse club operator PriceSmart Inc. reported Tuesday that net income for the third quarter slipped 4% to $15.7 million, compared with $16.3 m million last year.

Revenue rose 18% to $506.8 million from $431.1 million, missing Wall Street’s forecasted $508.2 million. Same-store sales increased 12.9%.
 

Martin Fry has joined Premier Retail Networks as chief operating officer, the company announced Monday.

New York -- As discounters such as Target, Stein Mart and warehouse club operator Costco posted disappointing same-store sales results in June, TJX Cos. and Ross Stores shone with gains that surpassed Wall Street estimates. TJX saw a same-store sales rise of 7% in June, beating the 4.2% rise predicted by analysts. Ross was up 7% for the month, after Wall Street forecast a 4.8% increase. Sales rose 12% to $886 million in June. Both chains raised their second-quarter profit forecasts.

The nation’s convenience stores continued to grow last year creating a peculiar blend of competitive challenges and sales opportunities for Sam’s Club.