"When it comes to cutting costs on everyday items, buying in bulk and buying store brands are both big ways to save. Buying store brands in bulk? That's like a cheat code to maximizing savings. I recently found in a price analysis that shopping at Costco was generally cheaper on a unit-cost basis than buying the same products from a traditional retailer. Depending on the item and how often it's purchased, the savings could even offset the $65 annual membership fee."
"Many Costco members find the chain's own Kirkland Signature brand is the real ticket to getting the most bang for their buck, though. So I decided to look at how cost-effective it is to buy Kirkland compared to the comparable name-brand products Costco carries. Kirkland Signature is big business for Costco. The banner - which includes gasoline, meat, some liquor products, and a range of other categories - accounted for roughly a third of Costco's $267 billion in worldwide sales last year."
Buying in bulk and choosing store brands both reduce costs on everyday items, and buying store brands in bulk maximizes savings. A price analysis showed shopping at Costco was generally cheaper on a unit-cost basis than at traditional retailers, with savings that can sometimes offset the $65 annual membership fee. Kirkland Signature spans many categories and generated roughly a third of Costco’s $267 billion in worldwide sales last year. A local warehouse price comparison focused on 17 representative items that were near matches in functionality and ingredients. Some products lacked like-for-like alternatives, so calculations compared an exclusively Kirkland shopping cart to comparable national-brand carts.
Read at Business Insider
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