Costco leads in a budget-conscious retailer environment

 
Costco shines against other wholesale clubs and superstores, Panos Mourdoukoutas, Ph.D,
writes for International Business Times (IBT). Data from HundredX and comments from its CEO and founder Rob Pace, featured in the IBT article, backs that thesis.


In comments to Mourdoukoutas, Pace explains that HundredX analysis shows “Costco has the best growth outlook among peers.” Loyal customers appreciate Costco’s price, quality, and atmosphere, he said. Pace argued that Costco has pricing power, wondering if Costco will use that power to raise prices soon or continue leaning into its reputation as a value brand. 

Check out HundredX’s recent analysis on superstores to view more information about Costco and its competitors, including Walmart, Target, and BJ’s.

Crowd-Powered Business Advantage


Leveraging the power of The Crowd, HundredX continuously monitors consumer perceptions, providing businesses with essential information to maintain their market position. We tap into real consumer feedback to understand industry trends like fast fashion, as one example. With our extensive coverage of 80+ industries and 3,000+ brands, we analyze the collective opinions of everyday customers to uncover what really matters to them. Moreover, we evaluate how their priorities influence purchasing decisions and attitudes toward businesses. These insights empower business leaders to craft customer-focused strategies and gain a competitive edge in their markets.


Please contact our team for a deeper look at HundredX's superstore data, which includes more than 300,000 pieces of customer feedback across 8 superstore brands.

Share This Article

17 Apr, 2024
Brown liquor is having a moment
25 Jan, 2024
Price is nice, but it's not everything
23 Jan, 2024
Price hikes became a hot topic in the streaming wars over the last year, with nearly every major platform increasing prices during 2023. Netflix has frequently made headlines due to another round of price hikes in October, becoming the first streamer to charge over $20 per month for its premium option. It also began cracking down on password sharing. The series of changes has led Netflix’s Usage Intent to drop the most of any streaming platform in both the last three months and versus a year ago. Ahead of streaming earnings this week, we share insights from “The Crowd” of real Netflix and streaming industry customers. Analyzing more than 100,000 pieces of customer feedback across 23 video streaming services since December 2022, we find: Netflix’s Usage Intent 1,2 fell 8% year-over-year and 3% over the last three months. The streaming industry overall fell by 4% and 2%, respectively . Amazon Prime Video, Hulu, and Max were the only streaming services where Usage Intent did not fall more than 1% during the final 3 months of 2023. Usage Intent trends were the worst with young streamers, who are presumably the most price sensitive . From September 2023 to December 2023, Industry Usage Intent fell by 4% for 18–29-year-olds, compared to -3% and -1% for 30-39 and 40-49 years old. Usage Intent actually improved by 1% for customers 50+ years old. Netflix customers’ perception 3 of Price fell 15% in the last 3 months, the second worst in the industry only behind a 16% drop for Disney+ . The entire streaming industry had a 10% decline. Netflix customers’ perception of its subscription options has fallen more than the major platforms, with a 10% drop over the last 3 months and a 15% drop since December 2022. Netflix lags behind most peers on customer satisfaction with its Programming Quality, a possible indication Netflix’s investments to grow its content library is not enough given its premium price.
Share by: