Sam’s Club faces new competitive threats

Jet and Boxed are two online retailers taking aim at the warehouse club channel and drawing increased funding from venture capitalists who believe the channel is vulnerable.

New York-based Boxed has raised $33 million and operates three physical warehouses in the Northeast that shoppers interact with digitally. It does not charge a membership fee.

Jet charges a membership fee and functions more like a marketplace by providing a platform for third party sellers.

Both companies have a long way to go to rival the volume of Sam’s Club and Costco, but they are surely on the radar of their larger rivals.

For more on this new competitive dynamic see what Fortune had to say by clicking HERE.