Costco vs. Sam’s Club vs. Bjs

Costco vs. Sam’s Club vs. Bjs

  • Submitted By: btkachuk
  • Date Submitted: 11/14/2013 1:33 PM
  • Category: Business
  • Words: 1648
  • Page: 7
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Costco VS. Sam’s Club VS. BJs
In our time everyone know wholesale stores such as Costco, Sam’s club and BJs. Witch one of them better from financial perspective? Witch one has better stock options? To answer this question we will need a short financial analysis. Before we answer this questions let talk about the history of each one.
Costco is a membership warehouse club, with hundreds of locations worldwide; Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services.
The company’s first location, opened in 1976 under the Price Club name, was in a converted airplane hangar on Morena Boulevard in San Diego, CA, U.S.A.
Originally serving only small businesses, the company found it could achieve far greater buying clout by also serving a selected audience of non-business members. With that change, the growth of the warehouse club industry was off and running. In 1983, the first Costco warehouse location was opened in Seattle, WA, U.S.A. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales. (“The history of Costco” 2012)
Sam's Club is an American chain of membership-only retail warehouse clubs owned and operated by Wal-Mart Stores, Inc., founded in 1983 and named after Wal-Mart founder Sam Walton. As of 2008, the Sam's Club chain serves more than 47 million U.S. members. Sam's Club ranks second in sales volume among warehouse clubs behind Costco Wholesale, despite the fact that Sam's has more retail locations. The first Sam's Club opened on April 7, 1983 in Midwest City, Oklahoma in the United States. In 1989, Sam's entered New Jersey with a store in Delran in a former Two Guys / Jefferson Ward store. This was Wal-Mart’s first foray into the Northeast. The first Wal-Mart discount store in...

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