Club Stores/Podcasts

Hunkered down at home for most of 2020, consumers turned to club stores to stock up on groceries, cleaning items and other household items. As a result, sales surged at each of the major club store players, making this segment of the retail industry one of the winners of 2020. Costco posted same club sales growth of 14% during the first half of their 2021 fiscal year, and ecommerce sales grew by 80%. Fiscal 2021 sales at Sam’s Club increased 12%, and ecommerce sales were up more than 40% versus year ago. Same club sales at BJ’s Wholesale increased 21% for the full 2020 fiscal year, and the company reported digital sales growth of 255%.