Latest news with #JulyInstantSavingsEvent
USA Today
27-06-2025
- Business
- USA Today
Sam's Club is locking in prices for 1,000 items this summer. Here's what to know.
Prices on more than 1,000 summer favorites at Sam's Club will stay the same through mid-July, followed by promotional deals through mid-August, the Walmart-owned warehouse retailer recently announced. 'From grilling gear and coolers to pool floats and fresh-cut fruit trays — members can count on consistent value for the season's must-haves,' the company said about the deals while keeping open the possibility of tariff-related price increases on small kitchen appliances. Here's what to know about Sam's Club's plans for the rest of summer. Sam's Club wants to make sure customers don't 'stress over shifting prices or weekly budgeting' Walmart said in its announcement that the company understands Sam's Club customers want to make memories, spend time with loved ones, and have pool days. 'Members want to soak up every moment, not stress over shifting prices or weekly budgeting,' the company wrote in the announcement. Items that are part of the lock-in value program are labeled on the Sam's Club website, and the company will start its July Instant Savings Event on July 23, including household items like dish detergent pods, food, and school supplies. Sam's Club customers are 'very conscious' about what they're buying, exec says Todd Sears, Senior Vice President and Chief Financial Officer of Sam's Club, explained that customers are being 'very conscious and very choiceful about what they're purchasing' in an interview on June 11 When asked how Sam's Club is managing to keep prices low for customers while taking tariffs into account, Sears said this is something the company has done for a while. 'Most of our profit comes from membership income, in fact, 80% to 90%,' Sears said during the 2025 Evercore Consumer & Retail Conference earlier this month. 'We've always strived to keep prices low. And the way you do that is supply chain management, manufacturing out costs, looking at the best countries to source.' For example, on Mother's Day, Sam's Club kept the prices of flowers the same. Sears added that the 'best roses in the world' are imported from Ecuador and Colombia. Sam's Club and Walmart worked with growers in those countries and shifted packaging to the U.S. 'That allowed us enough flexibility to not raise prices,' Sears said. 'We're rewarded with by far our highest flower sales weekend we've ever had.' Members interested in July Instant Savings can visit Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@
Miami Herald
23-06-2025
- Business
- Miami Herald
Walmart's Sam's Club and Costco make key pricing moves
Sam's Club and Costco have a unique rivalry, unlike most retailers, which have a key competitor that mostly sells the same stuff. Because both chains are membership-based, they're generally only competing for new members in locations where they both have clubs in the same geographic space. Even someone who strongly prefers Costco (COST) over Sam's Club probably won't drive more than a few miles if the Walmart brand happens to be a lot closer. Related: Iconic convenience store chain closing after long goodbye In reality, once Costco or Sam's Club capture a member, they're essentially competing with themselves. The goal of both chains is, of course, to hold onto members and maintain high renewal rates. If they can do that, their businesses succeed, because membership revenue is essentially pure profit. Don't miss the move: Subscribe to TheStreet's free daily newsletter Yes, Costco and Sam's Club want people to shop in their warehouses, but they mostly want that to entice the member to renew. All retail sales made by both chains are very low margin, and the two retail giants do everything they can to lower prices for members. It's a retention strategy that works, and now Sam's Club has made a move that may attract the attention of some diehard Costco fans. Image source:Consumers have become concerned about price because of the uncertainty around tariffs and the possibility of an escalating war with Iran. Those concerns have generally been good for Sam's Club and Costco, since in general, they have lower prices than other retailers and have been more willing to avoid passing on increases to members. Now, the retail giant has been very vocal about an effort to help members feel better about their finances, at least for a while. "This summer, we're giving our current and future members an extra reason to be part of the club," the chain shared on its website. More Food News: McDonald's brings back unexpected breakfast item after 6 yearsHershey creates new guilt-free candy that's a dream comboTaco Bell adds new beverages to hop on viral fast-food trend The chain said that it has been listening to its customers and wants to meet their needs. "So, starting today, we're locking the value on more than 1,000 summer favorites through July 22. From grilling gear and coolers to pool floats and fresh-cut fruit trays - members can count on consistent value for the season's must-haves. No surprises. Just confidence," the warehouse club shared. Holding prices may not seem that great, but it's a big promise at a time when costs are increasing. "And it doesn't stop there. On July 23, we roll right into our July Instant Savings Event, bringing even more deals on popular summer picks and back-to-school essentials," it added. Costco CEO Ron Vachris did make it clear that his chain has also been battling to keep prices down. "Our merchandising and operations team did a fantastic job in the quarter, delivering some strong financial results, while also maintaining our competitive price position despite a challenging macroeconomic backdrop," he said during the chain's third-quarter earnings call. The CEO explained how Costco is staying ahead of tariffs as well it can. "We're remaining agile as a situation with tariffs evolves, while also supporting the commitments we've made with our long-term suppliers. As an example of this, during the third quarter, we rerouted many goods sourced from countries with large tariff exposure to our non-U.S. markets," he shared. Related: Nike fumbles its biggest launch of the year The chain also took in added inventory. "In the U.S., we pulled forward some items that we had planned for the summer and sourced additional locally produced goods to reduce tariff impacts and ensure that we were in stock. Actions such as these are allowing us to continue to provide great values for our members, while also delivering value to our shareholders," he added. . The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
20-06-2025
- Business
- Miami Herald
Sam's Club challenges Amazon Prime Day with new deal, fans will love
Having too many deals to choose from seems like a first-world problem. However, in an uncertain economy with pressures that have caused a slowdown in consumer spending, all discounts are welcome. Don't miss the move: Subscribe to TheStreet's free daily newsletter Although sales are not like they used to be, with some supposed "discounts" being so insignificant that they seem like total scams, saving a dollar or two always makes us fall into the temptation of spending more than we can afford. Because retailers know it's engraved in our culture to wait for seasonal discounts before dropping an entire month's paycheck, they continue to invest in promoting these sales tactics every year. Related: Walmart makes deal to open popular food chain in stores Nonetheless, we are our worst enemy. As much as we would like to believe that we won't be making as many unnecessary purchases as we did the year prior, seeing that bright red discounted number gets us every time. Amazon (AMZN) recently made a major announcement about its popular Prime Day, the e-commerce giant's annual shopping event, during which the company offers various deals across a wide range of product categories exclusively available to Prime members. Amazon Prime Day began as a 24-hour event in 2015, taking place in July and spanning multiple countries. It was created to encourage shoppers to join the company's Prime membership and boost sales by providing numerous discounts. However, this year Amazon decided to extend its single-day sale to last four days and run from July 8 to 11, allowing indecisive and forgetful customers more time to make purchases. Related: Forget drones, Amazon has new robots that could replace humans This event has been incredibly successful for Amazon, helping it increase sales and spreading brand awareness to casual shoppers and shopaholics alike. Although the e-commerce giant's announcement was major news, a prominent retailer quickly took away the spotlight, unveiling a similar offering that was even more enticing. The Walmart-owned Sam's Club (WMT) has revealed it is locking the value prices of over 1,000 summer favorites through July 22, so customers can purchase all their necessities now that the sunny season is here. However, that's not all. Sam's Club is also launching its "July Instant Savings Event" on July 23, offering various deals on popular summer and back-to-school items. More Retial News: Bankrupt retail chain makes major comeback, reopens new storesAfter bankruptcy, closed clothing chain hints at comebackJPMorgan Chase hikes up annual fee cost of popular credit card Although Sam's Club's events don't overlap with Amazon's four-day Prime Day, the announcements' proximity allows the retailers to better compete with one another while providing consumers with more options. With growing competition among retailers intensifying, these announcements might be the spark the retail sector needs to ignite even more sales events soon. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
