Costco news

12 February 2020
Costco Australia is set to launch an online store that will be available to its members by the end of this month. Service available only to members with an online account Members with an online account will be able to shop online and receive deliveries, although it’ll be pricier than shopping directly in one of the wholesaler’s warehouses, given that the delivery fee will be built into item...
11 December 2019
In response to intense competition, where consumers are demanding more for less, several retailers have decided to streamline operations and reduce operating costs. One approach to support these objectives is to vertically integrate aspects of the supply chain. What’s vertical integration? Vertical integration is a strategic decision that sees a business take ownership of part, or the ent...
08 November 2019
Costco and Instacart are joining forces to test a one-hour prescription delivery in California and Washington state. Free for orders over $35 The prescription drug can be delivered to a Costco member’s home or office, and delivery fees are waived for orders over $35, otherwise, delivery prices can vary depending on how fast a member needs the medicines delivered. The one-hour option, which ...
19 July 2018
Costco Canada is testing a new two-day grocery delivery service in southern Ontario. Orders fulfilled at Business Center The new service enables members to qualify for free two-day delivery for orders over $75. They will be able to shop a broad range of grocery, consumable and health and beauty categories, although perishable categories will not be included as part of the initial pilot. The...
20 June 2018
Costco Japan has announced plans to launch an online store next year. New online store in 2019 Costco's new ecommerce service will aim to capitalise on growing popularity of online shopping in Japan. It will be particularly relevant to those looking to purchase in bulk, taking advantage of home delivery for heavy but essential items such as water and rice. Full details of the service suc...
06 June 2018
Following its third quarter results, we look at Costco’s ecommerce highlights. Strengthening performance across the business Costco’s third quarter revenue increased by 12.1% to $32.4bn, with net income up 7.1% to $750m. Comparable store sales, excluding fuel and currency impacts, increased by 10.2%. This was almost twice as strong as its performance in Q2. The retailer’s ecommerce sales we...
11 May 2018
Patrick Noone, Managing Director of Costco Australia, has provided an insight into what the retailer has planned for its supply chain, online operations and future expansion. Potential for over 60 Costco stores in Australia Costco currently has nine stores trading in Australia, with two new stores opening in Melbourne and Brisbane by the end of the year and its first Western Australia store...
11 October 2017
Costco has announced two new developments in its ecommerce offer. Moving into the grocery ecommerce space with two new services Costco has frequently been accused of lagging many of its grocery store competitors with a move into grocery ecommerce. However, two new services have been launched this month. It has launched a nationwide, two-day delivery service for non-perishable and sundry ite...
14 September 2017
Costco is setting-up an online shopping website in Australia, with launch expected in early 2019. The online offer... Costco is in the early stages of developing an online shopping platform in Australia in preparation for Amazon's imminent entry to the market. The retailer will build one the largest dedicated warehouses in the country on the Oakdale Estate in Sydney to service the planned onlin...
31 May 2017
We review Costco's latest performance and growth opportunities as it gets ready to open its first club in France. Competition in France will be intense Costco is embarking on the next phase of its European expansion from a position of strength. Its third quarter revenue increased by 7.8% to $28.9bn, while comparable store sales, excluding fuel and currency impacts, increased by 5%. The firs...