More affluent consumers are shopping at these stores, because they have enough money on hand to buy in bulk.
Despite boycott threats from conservatives, Costco reported that net sales for April were up 7% from last year.
While regular supermarkets are struggling in China, aspirational consumers keep Sam’s Club, Costco and its Chinese competitor Freshippo X expanding.
More than 120 million Americans are members at wholesale clubs like Costco, Sam's Club and BJ's — and they're each potentially saving thousands of dollars a year at the register.
