The Discount and Variety Retailing Industry

Luis Madariaga ACC-321 Dr. R. Hurley THE DISCOUNT AND VARIETY RETAILING INDUSTRY PART I - debut AND FINANCIAL ANALYSIS A.Industry & Company Profiles In this segment of the sell persistence, companies offer members, who pay an annual fee, a limited alternative of products and services. Facing competition from discounters, much(prenominal) as Target that do not charge a membership fee, firms in this industry are continuously expanding their offerings to include additional products and services such as food, optical departments, insurance, gas stations and new and use car purchase programs, among others. Warehouse clubs eliminate many of the cost associated with traditional distribution channels by purchasing encompassing truckloads of merchandise directly from manufacturers and storing it on the sales floor. This study analyses the both the largest stand-alone companies in this segment that are solely pore on the storage warehouse club industry segment. Costco Wholesale Corporation Costco was founded in 1983, went public in 1985 and in 1993 merged with Price Club, a successful membership warehouse. With over 400 membership warehouse stores serving more than 38 million members, Costco is now the largest wholesale club operator in the US. BJs Wholesale Club, Inc.

In 1984, subsequently the success of Price Club and with the increased presence of Wal-Marts surface-to-air missiles Club, the owner of retail chains TJ Maxx, Hit or omit and HomeClub, Zayre Corporation launched BJs. With a total of 140 warehouses in 16 states, BJs is the third largest warehouse club retailer in the US behind Costco and Sams Club. B.Financial Statements Costcos fiscal year ends on the Sunday nearest the end of August. The financial statement analysis is based on their latest 10-K filing as of phratry 1, 2002, as well as subsequent quarterly secondment filings. BJs latest fiscal year ended on February 1, 2003 and the financial statement analysis is based on their latest 10-K filing. Income... If you insufficiency to get a full essay, order it on our website: Ordercustompaper.com

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