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Discount Clubs

RECENT NEWS
Discount clubs lead way with sales boost
Financial Times  Sep 1  Comment 
Chains such as Costco and BJ’s Wholesale Club report strong sales gains while figures from 25 other companies rose 5.5 per cent
[$] Webloyalty, Retailers to Pay $8.5 Million
Wall Street Journal  Sep 21  Comment 
Webloyalty.com and five retailers will pay more than $8.5 million to end a probe into hidden fees charged by discount clubs.
NY AG calls Internet discount clubs 'deceptive'
Sydney Morning Herald  Jan 27  Comment 
New York's attorney general is investigating more than 20 online retailers over ties to three businesses accused of tricking consumers into paying hidden fees.
[$] Probe of Discount Clubs
Wall Street Journal  Jan 27  Comment 
New York State is investigating 22 online businesses for allegedly linking consumers with discount promotions that end up charging them unauthorized fees.




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Discount Clubs such as Costco Wholesale (COST) and Sam's Club sell items that include groceries, furniture, and electronics at wholesale or near wholesale prices. These stores do not necessarily make much profit off of these products. Instead a substantial amount of their profit comes from charging membership fees.

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Companies in the Discount Clubs Industry (2)

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