{"id":195937,"date":"2021-03-06T22:00:00","date_gmt":"2021-03-06T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/costco-testing-curbside-pickup-in-albuquerque\/"},"modified":"2021-03-06T22:00:00","modified_gmt":"2021-03-06T19:00:00","slug":"costco-testing-curbside-pickup-in-albuquerque","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/costco-testing-curbside-pickup-in-albuquerque\/","title":{"rendered":"#\n  Costco testing curbside pickup in Albuquerque"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25359a11074\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25359a11074\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/costco-testing-curbside-pickup-in-albuquerque\/#Rival_BJs_Wholesale_started_curbside_pickup_last_year\" >Rival BJ\u2019s Wholesale started curbside pickup last year<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/costco-testing-curbside-pickup-in-albuquerque\/#Tonya_Garcia\" >Tonya Garcia<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Costco testing curbside pickup in Albuquerque<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Rival_BJs_Wholesale_started_curbside_pickup_last_year\"><\/span>\n  Rival BJ\u2019s Wholesale started curbside pickup last year<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000189645\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Costco Wholesale Corp.<br \/>\n        COST,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201191698\/composite\" class=\"negative\">-0.54%<\/bg-quote><br \/>\n       is testing curbside pickup at three warehouses in Albuquerque, the company said during its fiscal second-quarter earnings call.<\/p>\n<p> The company offered few details, except to say that, so far, it\u2019s going well.<\/p>\n<div class=\"paywall\">\n       \u201cOur\u00a0members\u00a0have\u00a0responded\u00a0to\u00a0it\u00a0and\u00a0basket\u00a0size\u00a0have\u00a0actually\u00a0surpassed\u00a0our expectations. Our\u00a0focus,\u00a0of\u00a0course,\u00a0is how\u00a0can\u00a0we\u00a0be\u00a0more\u00a0efficient\u00a0at\u00a0doing\u00a0it to\u00a0determine\u00a0if\u00a0this\u00a0offering\u00a0can\u00a0become\u00a0scalable\u00a0and\u00a0make\u00a0economic\u00a0sense\u00a0for\u00a0us,\u201d said Richard Galanti, chief financial officer for the retailer, on the earnings call, according to a FactSet tran<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>.<\/p>\n<p>Analysts already see the benefits of offering the service.<\/p>\n<p>Walmart to make $350 billion investment over the next decade in U.S. manufacturing<\/p>\n<p>\u201cGiven the success that peers have had with such services, we see this as a potential huge lever for Costco to pull and see the possibility for a super-premium-priced pick-up membership, which could be a very strong membership fee and loyalty driver and major catalyst for Costco,\u201d wrote BMO Capital Markets in a note.<\/p>\n<p>BMO rates Costco stock outperform with a $410 price target, down from $430.<\/p>\n<p>\u201cLooking ahead, the three-store curbside pickup pilot is in the very early stages, but we anticipate will expand sooner than later. In turn, Costco will be able to offer shoppers a leading value proposition, along with convenient fulfillment options,\u201d wrote Cowen analysts in a note.<\/p>\n<p>Cowen data suggests that 27% to 29% of Walmart Inc.<br \/>\n        WMT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207374728\/composite\" class=\"positive\">+1.25%<\/bg-quote><br \/>\n       and Target Corp.<br \/>\n        TGT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207799045\/composite\" class=\"positive\">+1.64%<\/bg-quote><br \/>\n       customers use those retailers\u2019 curbside services.<\/p>\n<p>Cowen rates Costco stock outperform with a $410 price target.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Dollar Tree expanding in fresh food, higher prices, and new store formats<\/p>\n<p>Competing warehouse retailer BJ\u2019s Wholesale Club Holdings Inc.<br \/>\n        BJ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203668982\/composite\" class=\"positive\">+2.41%<\/bg-quote><span>,<\/span><br \/>\n       which reported its fourth-quarter earnings this week, launched curbside pickup in the second quarter of 2020. The retailer says that more than half of its buy-online-pickup-in-club (BOPIC) orders are fulfilled curbside.<\/p>\n<p>Now the retailer is rolling out the ability to pay using electronic benefit transfer (EBT) for orders placed on the e-commerce site for in-club or curbside pickup. By the spring, BJ\u2019s plans to have the capability in place for all participating locations.<\/p>\n<p>\u201cBJ\u2019s undoubtedly was a major COVID beneficiary in FY\u201920, but it\u2019s likely better<br \/>positioned than most to see long lasting benefits, even after the pandemic fades.<br \/>Importantly, it continued to invest in its member experience during COVID,\u201d writes UBS analysts. <\/p>\n<p>Among the investments UBS cites is curbside pickup.<\/p>\n<p>\u201cBOPIC\u00a0and\u00a0curbside\u00a0sales\u00a0tend\u00a0to\u00a0skew\u00a0towards\u00a0bigger\u00a0baskets,\u00a0and\u00a0same-day\u00a0delivery\u00a0sales\u00a0have\u00a0the\u00a0same\u00a0margins\u00a0as\u00a0traditional\u00a0sales\u00a0in\u00a0our\u00a0clubs,\u201d said BJ\u2019s Chief Financial and Administrative Officer Robert Eddy on the earnings call, according to FactSet.<\/p>\n<p>UBS rates BJ\u2019s stock buy with a $55 price target.<\/p>\n<p>Watch: Lessons from the pandemic: these sectors helped advisors drive value<\/p>\n<p>Even with the added service, MKM Partners analysts are concerned that BJ\u2019s will get squeezed post-COVID for reasons including an \u201coutsized exposure\u201d in ZIP Codes shared with Walmart, \u201cuninspiring customer feedback\u201d and \u201cpessimistic employees,\u201d and \u201cconsiderable underinvestment relative to Costco.\u201d<\/p>\n<p>MKM rates BJ\u2019s shares neutral with a $41 fair value estimate.<\/p>\n<p>Costco stock was down 3% in Friday trading, and has fallen 17.8% for the year to date.<\/p>\n<p>BJ\u2019s stock edged up 0.8% on Friday and is up 3.4% for 2021 so far.<\/p>\n<p>The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+1.85%<\/bg-quote><br \/>\n       is up 0.5% for the year to date.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Tonya Garcia\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Tonya_Garcia\"><\/span>Tonya Garcia<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D2E4CD5FE830%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Costco testing curbside pickup in Albuquerque &#8221; Rival BJ\u2019s Wholesale started curbside pickup last year Costco Wholesale Corp. COST, -0.54% is testing curbside pickup at three warehouses in Albuquerque, the company said during its fiscal second-quarter earnings call. The company offered few details, except to say that, so far, it\u2019s going well. \u201cOur\u00a0members\u00a0have\u00a0responded\u00a0to\u00a0it\u00a0and\u00a0basket\u00a0size\u00a0have\u00a0actually\u00a0surpassed\u00a0our expectations&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":195938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-195937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/195937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=195937"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/195937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/195938"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=195937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=195937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=195937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}