shareholders last December, Jeff Brotman, the company's chairman, and Craig Jelinek, president and chief executive officer, noted that the membership warehouse club
concept had stood the test of time.
WESTBORO - After months of buyout speculation, warehouse club
operator BJ's Wholesale Club Inc.
After successive years of robust growth, the channel is now faced with market saturation and intensified competition, according to Sandy Skrovan, author of a recent report on the warehouse club
channel and vice president of Retail Forward, the consulting firm based here.
Focus is designed to be "a total resource center for anyone interested in the $63 billion warehouse club
industry that consists of Costco, SAM'S Club, and B.J.'s Wholesale"--distinguishing itself from other publications that focus on a variety of industries and topics.
According to a recent report published by PricewaterhouseCoopers, the top three warehouse club
players--Costco, Sam's Club and BJ's--are using pharmacies as part of their overall strategy to increase foot traffic and expand services.
For example, 82 per cent of the supercentre customer base and 62 per cent of the warehouse club
customer base said they were now shopping more at those types of retail stores.
Pace, a warehouse club
, entered the Westchester market in 1992.
With |91 revenues approaching $30 billion, warehouse club
sales are expected to hit $82 billion by 1996.
John Wasielewski was probably glad to see 1992 after all the bad that happened in 1991: the recession hurt overall business at his six Waz's IGA stores in Connecticut; a fire in a neighboring video store sent smoke and soot billowing into one store; a superstore opened near another of his units; and a warehouse club
opened near yet another.
The bottom line for the three months ended May 31 dove 20.6% to $16.8 million, as net warehouse club
sales eked out a 1.4% increase to $684.5 million.
Net warehouse club
sales for the quarter were up by 7.6% to USD597.9m, as compared with USD555.8m in Q3 of fiscal 2013.
8 said it has acquired land in San Fernando, Trinidad where it plans to build and operate a new PriceSmart warehouse club
, its fourth in Trinidad.