Walmart Vs Costco


Walmart Vs Costco In 2022 (Prices, Products, Services + More)

Walmart Inc.
Formerly
  • Wal-Mart Discount City (1962–1969)
  • Wal-Mart, Inc. (1969–1970)
  • Wal–Mart Stores, Inc. (1970–2018)
Type
Public

ISIN


US9311421039

Industry
Retail
Founded
Founder
Sam Walton
Headquarters

,

U.S.
Number of locations
Increase
10,593 stores worldwide (January 31, 2022)


[2]




[3]

Area served
Worldwide
Key people
Products
Supermarket

,

Hypermarket

,

Superstore

,

Convenience shop
Services
Revenue Increase


US$

559.2 billion

(2020)


[4]

Increase

US$22.55 billion

(2020)


[4]

Increase

US$13.70 billion

(2020)


[4]



Total assets

Increase

US$252.5 billion

(2020)


[4]



Total equity

Increase

US$87.53 billion

(2020)


[4]

Owner
Walton family

(50.85%)


[5]

Number of employees
2,300,000 (Jan. 2021)


[4]



U.S.: 1,600,000

Divisions

Subsidiaries

List of subsidiaries
Website

walmart.com


Footnotes / references




[6]




[7]




[8]

In retail there has never been such fierce competition. The customers also benefit from reduced prices and greater choice.

However, knowing where to shop – which store is right for you and your family – can be a challenge.

It might seem difficult to decide which of the two stores you should shop at if there is a choice between Costco and Walmart.

We have compiled a Walmart Vs Costco breakdown that includes company information, prices, and product details.

  • Walmart Vs. Costco In 2022
  • Walmart and Costco: The Companies
  • Walmart, with its 11,000 stores in 27 different countries, is a fairly well-known entity by now.

    Founded in the 1960s by Sam Walton, it is still headquartered in Arkansas but has grown far beyond its Southern roots.

    Walmart, which has been publicly traded since 1997, operates Sam’s Club warehouses and plans to enter the financial sector.

    Costco Wholesale Corporation, also known simply as Costco, was formed in 1976. But, until 1983 it was named Price Club.

    While the multinational has more than 800 stores across 13 countries, it calls Issaquah home in Washington.

    Costco’s stores follow the model of a discount-pricing warehouse and are more competitive with Walmart’s Sam’s Club or BJ’s Warehouse.

    As one of the largest retailers in the U.S., Costco’s net worth is currently about $80 billion.

  • Walmart Vs Costco: Stores
  • First of all, who is allowed to enter Costco or Walmart stores?

    Costco is membership-only, with an annual fee of $60 (or $120 for the Gold Star Executive plan).

    Walmart doesn’t have membership fees. Everyone can go in and start shopping.

    When you first step into Costco or Walmart, the two feel very familiar.

    First, the stores cover a staggering amount of area – Walmart averages 179,000 square feet, Costco an averages 140,000 for Costco.

    The extra space means extra wide aisles which can accommodate a variety of items. The ceilings seem impossible to reach.

    The layouts can then diverge dramatically.

    Walmart stores, at least those I have seen, follow one to two layouts. Supercenters and grocery are on different sides.

    Costco stores use all of that vertical space to stack stock high, but the layout was also examined by retail experts.

    Costco has worked closely with designers to create an anti-anxiety atmosphere that guides customers along a “path” through the store.

    This soft herding leads shoppers through strategically placed items, encouraging them to buy more.

  • Walmart Vs Costco: Products
  • Costco stores, as I said, follow a warehouse-model – products are purchased bulk at discounted prices.

    For as big as Costco stores are, it might surprise you to learn that they typically only carry about 4,000 items.

    Walmart sells merchandise individually. However, some items may be sold in bulk. A single Walmart store can carry as many as 142,000 items.

    So for those reasons, choosing which store to visit if you only want to make one trip is a matter of analysis.

    You have large families or are you looking to stock up on essentials? Costco is the place to go. You are a loyal customer of certain brand names or do you prefer lots of choice? Walmart may be the better option.

    These are very similar departments that both shops contain.

    Departments:

  • Groceries
  • Accessory and Clothing
  • Beauty and Personal Hygiene
  • Sports Gear
  • Goods for the Home
  • Home Essentials
  • Supplies for offices
  • Electronics
  • Garden And Outdoors
  • Pet supplies
  • Toys And Games
  • Auto
  • Walmart has a crafting department that can still offer fabric bolts at a few stores.

    Costco has a range of pre-made gift hampers available in their florist department.

    Walmart sells a larger selection of pre-prepared food: fried chicken and side dishes, as well as hot meals.

    Costco also has a beloved food court with pizzas and hot dogs.

  • Individual and exclusive labels
  • Of course, no big chain retailer would be complete these days without private or exclusive labels and brands.

    This is part the business model that lowers prices.

    These are the most well-known and loved Walmart brands.

  • Sam’s Choice – Premium Tier food products
  • Marketside – Deli-style foods
  • Equate Pharmacy, Health and Beauty Products
  • Mainstays – Home décor and home goods
  • Parents Choice: Baby products
  • George/Terra & Sky Time and Tru Wonder Nation – Apparel
  • Kirkland is Costco’s major private label brand.

    Kirkland was actually named for the Washington town where an early store was situated.

  • Walmart Vs Costco: Prices
  • Most shoppers are motivated by the price, particularly when it comes down to stocking up on food and other necessities.

    Walmart Vs Costco In 2022 (Prices, Products, Services + More)

    Which store offers the best prices for grocery staples

    Gina Zakaria of Money.com compared the prices at both big retailers. The results showed that Costco prices are generally less than Walmart’s.

    Costco has a lower price per unit of ounces or pounds, but you can’t buy as much.

    Costco’s cheaper shredded cheese is a bad deal. If the Costco-purchased pound goes bad and it doesn’t get frozen, then you just lost all of your savings.

  • Walmart Vs Costco: Services
  • Walmart and Costo both offer additional services in-store in the form of pharmacies, banking, vision centers, and photo printing.

    While both offer auto services, some Walmart stores have garages attached, where they perform oil changes and tire services on-location.

    Costco, on the other side, connects customers to partnered shops for auto parts and provides discounts on these services. Some locations also have propane refill stations or gas stations.

    Costco may also partner with other companies for services like mortgage purchase, flooring, or solar installation.

  • Walmart vs Costco: Customer Services
  • In 2019 the American Customer Satisfaction Index (ACSI) released its findings after surveying over 62,000 shoppers.

    Costco came out on top when it was concerned with customer satisfaction. Forbes.com noted Costco’s “customer first culture” as one of the reasons.

    To Costco’s score of 83/100, Walmart placed lower down with 74/100. It wasn’t an inexplicable score, but it was one the most disappointing.

    MarketWatch also published an article titled “4 Reasons Walmart Is America’s Most Hated Retailer.”

  • They said, “Walmart hasn’t always been known for its helpful and friendly employees
  • For me, it pays off. The service desk staff treat me with suspicion and have never treated me with smiles.

  • Walmart Vs Costco: Return Policy
  • Walmart has an exceptional return policy. It allows you to exchange your item for store credit within 90-days of receipt.

  • You even got your milk back! See here for more details about Walmart’s Return Policy.
  • Costco still manages to beat them, despite their generous returns policy. Clark.com says, “You can practically return any item, at anytime, without questions.”
  • Only electronics, cigarettes and alcohol are exempted.

    Costco might also accept the item and give you a refund even though you don’t have receipt.

    See here for Costco’s complete return policy.

  • Walmart Vs Costco: Employee Wages
  • Walmart and Costco are two different companies that tell different stories if you think good wages should be considered part of an organization’s ethical footprint.

    Walmart employs approximately 2.2 Million people worldwide, with a base wage of $11.

    Although it is more than the $7.25 federal minimum wage, this is still a difficult income, particularly for a single-income household.

    Walmart just announced that their wages were being “bumped” to $15 per hour.

    The $13/hr wage will be only available to approximately 425,000 workers in the U.S. It is the base wage that will be increased, not the average.

    Costco is known for paying its workers well. Their starting salary was recently increased to $16/hr.

  • It means that the retail giant makes an impressive $24/hour on average. !
  • Walmart Vs Costco: Stock
  • Costco and Walmart are two great options if you want to incorporate a discount retailer into your investment portfolio.

    James Brumley at The Motley Fool thinks that Walmart has the better horse in the race ultimately.

    Walmart’s stock prices and valuations, the absence of Costco membership pricing (which is predicted to increase), as well adaptability are his strong arguments for choosing Walmart over Costco.

    Now that you know about Walmart vs. Costco, you can also read our related posts on how much Walmart pays stockers, 33 Walmart statistics, and 23 Costco statistics.

  • Conclusion
  • Walmart and Costco have the same saying, “different strokes of different people”, to me. While they may compete for dollars, they also offer diverse experiences.

    Costco still remains the superior option when it comes to shopping for bigger families or when you need to stock up on items once or twice a monthly.

    Walmart is your everyday favorite, because of its affordable prices, large selection, greater store accessibility, and great customer service.

    Is Costco More Expensive Than Walmart?

    Gina Zakaria conducted a comparison of the prices at both big retailers for Money.com and concluded that Costco prices were overall cheaper than Walmart. But, and this is the big but – Costco’s prices per unit (or ounce) or pound are cheaper than Walmart’s. However, Costco is more expensive so you have to buy more.

    Are Costco Products Cheaper Than Walmart?

    Costco or Walmart, is it more expensive? Is it cheaper to shop at Costco or Walmart?

    Is Costco Better Than Walmart?

    Costco is known for having products with higher quality than Walmart. Also, Costco offers better service and prices because they bulk-buy most of their items. Walmart is usually the cheaper option for buying electronics or groceries on a limited budget.

    Costco vs Walmart: What’s the difference?

    Costco’s business model is to collect fees from members and sell items in bulk, while Walmart is a traditional retailer that aims to push its prices down.

    .Walmart Vs Costco In 2022 (Prices, Products, Services + More)

    See also  How Long Does Walmart Pharmacy Hold Prescriptions?
    Previous Why Is Usps Tracking Not Updating
    Next What Is Walmart Neighborhood Market?