Originally Posted by
scottk
In the short term, No, but as we have seen, companies that invest in technology to improve point of sale and customer service have long term success.
K-Mart and Sears were once as big as Costco in the retail marketplace and didn't evolve with customer needs and did not invest into newer tech. They basically don't exist anymore.
SAM's has Walmart backing them for point of sale technology, but also has a much better website experience and offer drive-up ordering. Target's website and drive up experience is wonderful and accurate.
These type of methods are in demand for consumers, especially millennials and generation Z, that want on-demand service much more than Gen X and Boomers. Amazon has heavily invested in efficient delivery methods for these types of consumers.
Costco is going to have to evolve more, instead of holding on to hot dogs and $5 chicken to gain and adapt to younger (...and future) customer needs.
I go to Costco to buy staple items, luckily because it is in bulk, I don't have to buy them often, but I would much rather drive up and not spend an hour in the store and check out line, the store is purposely designed to waste your time. Eventually, that has to catch up to them.
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