Fast Five Shorts | Are Costco & Sam’s The Choice Of A New Generation?

Omni Talk Retail

In the latest edition of Omni Talk’s Retail Fast Five, sponsored by the A&M Consumer and Retail Group, Avalara, Mirakl, Ownit AI, and Ocampo Capital Chris Walton, Anne Mezzenga and guest host Joe Laszlo of Shoptalk discuss: If Costco & Sam’s Are The Choice Of A New Generation? For the full episode head here: https://youtu.be/XlWTHMPWRDU Costco and Sam's Club are successfully attracting younger generations, with a significant increase in memberships among Millennials and Gen Z. Recent statistics reveal that approximately half of Costco's new signups are under 40, while Sam's Club has seen a remarkable 68% increase in Gen Z memberships over the past two years. The discussion delves into the factors driving this trend, including the financial pressures faced by younger consumers, who prioritize value and quality in their shopping choices. Both retailers are positioned to meet these demands, but the conversation also highlights the competitive dynamics between Costco and Sam's Club, particularly regarding convenience and technological advancements. As the hosts analyze the implications of these shifts, they consider how changes in demographics and shopping habits might shape the future of bulk retail shopping.