Inflation is definitely a topic that everyone can't avoid in 2022.This year, the cost of eating, drinking, entertainment, clothing, food, housing and transportation has been rising. Retailers and enterprises have been hit, and they have raised prices and reduced volumes to maintain profit margins.
Although some experts and entrepreneurs believe that the pace of inflation will slow down in 2023 and the overall situation will be better, ordinary consumers who often make daily purchases and deal with different food goods may want to really experience the impact of inflationary pressure decrease.
If you want to save money, many people may immediately think of warehouse supermarkets like Costco, which are cheaper and more abundant. Not only are the prices impressive, but they also often have new products.So what will happen to Costco in 2023?
(Source: BLOOMBERG)
10 Items No Longer Selling: 'Death Star' Merchandising Conventions
Costco will mark the "death star" for products that may be withdrawn from the shelves and no longer sold. If you see an asterisk mark on the label of some Costco products, there is a high probability that this product will no longer be sold.
Costco's item offerings are sometimes adjusted seasonally, but mostly they're dropped for a number of reasons, from low sales to changes in supplier agreements.According to Eat This, Not That magazine, in 2023, Costco may remove these 10 products.
Friends who like these foods, if you see them at Costco, you can consider stocking up on them in advance.
1. Log Cabin Original Syrup
Log Cabin Syrup, perfect for pancakes and waffles.
64-pack 7.49 oz/can $XNUMX/can
(FigureSource: GG）
2. Kellogg's Frosted Mini Wheats
Kellogg's Classic Cereal.
70 oz/box $8.99/box
(FigureSource: GG）
3. Clif Builder's Variety Protein Bars
A low-sugar and low-calorie protein bar, a favorite of bodybuilders and ketogenic dieters.
Online 18pcs/box$25.99/box
(FigureSource: GG）
4. Schwartz Brothers Organic Everything Bagel Chips
Organic Potato Chips in Everything Bagel flavor.
Online 15oz/pack $9.99/pack
(FigureSource: GG）
5. Kirkland Signature Strawberry Margarita Made With Gold Tequila
Costco's signature Strawberry Margarita, made with 100% agave, lime juice and cane sugar.
1.5 liters less than $10
(FigureSource: GG）
6. Kohana Organic Coffee Cold Brew Concentrate
Hawaiian-style organic cold-brew espresso perfect for drinking straight, or making into baked goods and sauces.
(FigureSource: GG）
7. Hershey's Simply 5 Syrup
Hershey's Chocolate Syrup made with just 5 ingredients: cocoa, organic invert syrup, sugar, water, and natural vanilla flavor.Perfect for topping ice cream, milkshakes or other desserts.
(FigureSource: GG）
8. Kinder Bueno Chocolate Bars, 20 Count
Kinder bars made with chocolate wafers, hazelnut cream and milk chocolate.
$20/box of 18.99 online
(FigureSource: GG）
9. Eli's S'mores Squares
Campfire Delicious S'mores must-have graham crackers.
24pcs/box $12.99/box
(FigureSource: GG）
10. Pescanova White Shrimp With Citrus Herb Sauce
Argentinian-style shrimp from Pescanova.Online sales have ceased, and offline sales may still be available.
(FigureSource: GG）
Membership fee hike: Still undecided but little impact on consumers
Like many retailers, Costco's profit margins have fallen due to higher procurement costs.But on a recent conference call, Costco acknowledged that its membership base is growing better, and there's no need to raise membership fees now.
(FigureSource: ETNT）
但这并不意味着2023年Costco会员费不会增加。距Costco在2017年6月提高会员价格（当时普通会员费用上涨了5美元，高级会员费用上涨了10美元）已经过去五年多了，今年也许是提价的好时机。
Plus, Costco competitor Sam recently raised its membership prices, so Costco may choose to follow suit.
Still, even if Costco chooses to raise membership fees, it's unlikely to go up significantly.Currently, the annual fee for Costco's ordinary Gold Star membership (Gold Star) is $60, while the annual fee for Executive Membership is $120.
(FigureSource: COSTCO）
If Costco chooses to raise fees, members may be charged separately$65 and $130.However, the membership fee is calculated on an annual basis, and this increase will not cause great economic pressure to everyone.
24 new stores opened: 15 in the US and 2 in China
According to foreign media reports, affected by the decline in revenue, Costco plans to open 24 new stores in this fiscal year and change the location of 3 stores.Of the newly opened stores, 15 are located in the United States and 9 are located overseas, includingThe 3rd and 4th stores opened in China.
Costco currently operates 847 stores, 583 of which are located in the United States and Puerto Rico.
(FigureSource: KQRE）
Costco's official website currently announces information on 8 new stores:
Lake Stevens, WA
(Expected to open in December 2022)
Casuarina, AU
(Expected to open in December 2022)
Queen Creek, AZ
(Expected to open in December 2023)
London, ON
(Expected to open in December 2023)
Kyle, TX
(Expected to open in December 2023)
Pudong, Shanghai
(Expected to open in December 2023)
Longmont CO
(Expected to open in December 2023)
Meiwa, J.P.
(Expected to open in December 2023)
Food prices up: But $1.5 hot dog combos won't
This year, Costco raised the price of its Chicken Bake ($1).If inflation continues to soar in 2023, the price of Costco Food Court will rise across the board (hopefully not too much, Costco's food is really cheap and filling).
(Source: NASDAQ)
but!There's one food you don't have to worry about going up in price, and that's $1.5Hot Dog + Soda Set. Costco has pledged to maintain that price indefinitely.After all, this is one of their most famous and distinctive foods.
Generally speaking, although Costco also has changes such as cargo adjustments and commodity price increases, it is still one of the most affordable choices compared to other supermarkets.
Ref:
https://www.nasdaq.com/articles/will-you-have-to-say-goodbye-to-these-10-costco-favorites-in-2023
