It’s no surprise that Costco just reported blow-out earnings. Have you been there recently? The aisles are packed with shoppers stocking up on essential and non-essential goods. For the first time, the company reported it was moving to increasing its food offerings and expanding its private label, the Kirkland brand.
Costco is one of those companies that exudes trust. When they make a change, consumers often just nod and go along. When a product is not to one’s liking, then the return line welcomes the customer and the product back. It’s that type of company, a consumer-friendly atmosphere, so when they say they plan to expand their food offerings, we say, bring them on. Consumer Reports just added to Costco’s accolades with positive remarks for multiple departments. The Kirkland label has been an impressive solution to deals that were harder for them to cut. Remember they had to play tough guy with Coca-Cola not too long ago and who wanted their products back on the shelves and bowed to pressure: Coke.
BTW, the July issue of Consumer Reports offers multiple shopping strategies. Saving money is still the preferred route.
As an aside to all this attention, food wars are kicking up. Wal-Mart decided it could get more play at the registers by increasing its price cuts (Rollbacks) on name brands to get more customers in the door. A few competitors responded immediately by matching Wal-Mart’s actions. No one wants to be left with high prices as consumers are still scrambling to find the best deals and prices.
Either approach: One winner–the consumer.
Smart shopping’s the buyword!






