HX In the News: Costco Leads in a Budget-Conscious Retailer Environment

Costco leads in a budget-conscious retailer environment

Costco shines against other wholesale clubs and superstores, Panos Mourdoukoutas, Ph.D, writes for International Business Times (IBT). Data from HundredX and comments from its CEO and founder Rob Pace, featured in the IBT article, backs that thesis.

In comments to Mourdoukoutas, Pace explains that HundredX analysis shows “Costco has the best growth outlook among peers.” Loyal customers appreciate Costco’s price, quality, and atmosphere, he said. Pace argued that Costco has pricing power, wondering if Costco will use that power to raise prices soon or continue leaning into its reputation as a value brand.

Hundredx in the news features data from hundredx and insights from its ceo and founder rob pace to help explain costco 's success

Check out HundredX’s recent analysis on superstores to view more information about Costco and its competitors, including Walmart, Target, and BJ’s.

Crowd-Powered Business Advantage

Leveraging the power of The Crowd, HundredX continuously monitors consumer perceptions, providing businesses with essential information to maintain their market position. We tap into real consumer feedback to understand industry trends like fast fashion, as one example. With our extensive coverage of 80+ industries and 3,000+ brands, we analyze the collective opinions of everyday customers to uncover what really matters to them. Moreover, we evaluate how their priorities influence purchasing decisions and attitudes toward businesses. These insights empower business leaders to craft customer-focused strategies and gain a competitive edge in their markets.

Please contact our team for a deeper look at HundredX's superstore data, which includes more than 300,000 pieces of customer feedback across 8 superstore brands.

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Consumer spending muted amid rising prices

November 7, 2024

Consumers are navigating still-high prices with resilience. HundredX analysis, based on millions of pieces of customer feedback from July 2021 through April 2023 across 3,200+ companies, indicates inflation remains persistent, but consumers are cautiously hanging on. New Consumer Price Index (CPI) data shows prices increased 3.4% in April from a year ago, compared to 3.5% in March, which highlights a slight easing in inflation month-to-month. Still, HundredX data shows that consumers still feel negative about prices in general, pointing to inflation’s stickiness and consumer frustrations over the consistently high prices of everyday goods. Generally, we’ve seen that changes to HundredX’s Price favorability index are typically inversely correlated with movement in the CPI levels (i.e., inflation) reported by the US government.