Get the app today! Download iPhone App Download Android App

Costco's Squeeze On Suppliers Signifies Pain For P&G, Nestlé

Published on Mar 9 2018 10:00 AM in Retail tagged: Trending Posts / US Retail / Costco / Paywall

Costco's Squeeze On Suppliers Signifies Pain For P&G, Nestlé

Wholesale giant Costco intends to push suppliers to lower prices on everything from steaks to televisions, aiming to keep customers away from rivals like Amazon.

The warehouse-club chain wants vendors to shoulder a greater part of the cost of limited-time promotions for its 50 million members.

The company is also introducing more products under its Kirkland Signature brand, such as fragrances, apparel, and a Nutella-like hazelnut spread that’s “flying off the shelves,” Chief Financial Officer Richard Galanti told analysts Wednesday.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email