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An untapped opportunity at Sam’s Club
The leadership transition Costco announced this week was hardly unexpected considering outgoing CEO Jim Sinegal is 75, but it does underscore what arguably has been one of the greatest distinctions between Costco and Sam’s clubs for the past 25 years, namely the stability of senior leadership.
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Whole Foods testing Wellness Club concept
New York City -- Whole Foods Market is testing membership-only Wellness Clubs in select locations, with the initial site in the chain’s store in Dedham, Mass., USA Today reported. Four additional sites are expected to open this fall.
The company is charging a one-time fee of $199, with monthly membership dues of $45, according to the report, for which members will receive lifestyle evaluations, classes in nutrition, cooking and health and 10% off on 1,000 “better-for-you” foods sold in Whole Foods.