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March 8

Costco Forces Groceries to Grow in Size at Coles and Woolworths

Posted by on March 8, 2017 at 8:52 AM

If you’ve noticed that things seem to be ‘super-sizing’ at Coles and Woolworths then you are not alone. This is a tactic the supermarkets are using to fend off competition from the large discount supermarket chain Costco.

Costco Forces Groceries to Grow in Size at Coles and Woolworths

Costco is a membership-based retailer that opened its doors in Australia in 2009. If Coles and Woolworths didn’t think Aldi was doing enough damage by itself, the addition of Costco is really hurting their performance. Therefore the growing  maximum packaging sizes of our groceries is a direct result that offer customers greater value for money.

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August 18

Is Costco Australia Likely to Hike Membership Fees?

Posted by on August 18, 2016 at 8:32 AM

Costco bargain hunters could soon be paying more for their deals and discounted items, a UBS report reveals. The large discount retailer is expected to increase its membership fees by 10% next year in efforts to combat reduced revenue growth. Michael Lasser, a New York-based UBS analyst predicts that we will be expecting a large surge of growth from the company directly related to these price hikes.

Is Costco Australia Likely to Hike Membership Fees?

The main causing factor is that the international brand only increased its global turnover by 2% between this year ($89.44 billion) and last year ($87.67 billion). If you are unfamiliar with the company’s business model, they charge customers a membership fee that allows them access into their warehouse styled stores, which are several times the size of a regular supermarket. The company sells everything from fresh food to petrol, but how will the hike affect its current members?

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April 7

The Shoppers Guide: When to Shop Wholesale and When Not to

Posted by on April 7, 2015 at 8:05 AM

Wholesale shops can be a great way to save money on your monthly shop, however, they may also cost you more if used incorrectly. I’ve written posts before about how shopping at Costco can save you bucket loads each month, yet I never delved into which products actually can cost more from the various wholesale retailers.

The Shoppers Guide: When to Shop Wholesale and When Not to

Wholesale stores generally fall under the same principles as £1 Pound / $1 Dollar shops where the perceived concept is that everything is cheaper. Whilst this is generally the case across the board, the owners also know that certain products cost less in supermarkets (such as promotional items). What they’re counting on though is that you will buy them anyway, as a result of being lulled into saving mode upon stepping through their front doors.

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