warehouse club


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Warehouse Club

A retail store where one may buy goods at or close to wholesale prices. Warehouse clubs are often actual warehouses (or are at least made to look like them); they have little decoration and goods are stored and sold in large quantities. Many warehouse clubs require annual membership fees, which help to keep prices low. They began in their modern form in the 1970s but have their origins in other discount stores.

warehouse club

a RETAILER which sells an extensive range of products to club members only, at heavily discounted prices on a SELF SERVICE basis. See DISCOUNT STORE, DISTRIBUTION CHANNEL.
References in periodicals archive ?
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.
Warehouse Club 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.