Can Costco maintain its edge over Sam’s Club?

The U.S. warehouse nine industry, which includes Costco, Sam's Club and B.J.'s Wholesale is valued astatine much than $320 billion, according to an estimation by ResearchAndMarkets.com.

The format is simple: Members wage a fee to shop. In return, they get entree to low-priced goods and services successful a warehouse setting.

With implicit 65 cardinal paying members, Costco controls the lion's stock of the market. But Walmart-owned Sam's Club is tweaking the formula, betting that investments successful robotics and technology tin assistance it amended prosecute with budget-conscious shoppers and instrumentality connected its competitors.

Walmart CEO Doug McMillon called Sam's Club an "innovation motor for the company" during an August 2021 net call.

So however bash warehouse clubs similar Sam's get members to wage to shop? And what interaction volition caller exertion person connected the aboriginal of the retail concatenation and its rivalry with Costco?

Watch the video to larn more.