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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]

There has never been a more competitive era in retail, and customers ultimately benefit from the lower prices and selection.

It is not easy to choose the best store or where to buy.

The choice to shop at Costco or Walmart might leave you confused as to which store will have what you are looking for.

The Walmart Vs Costco table shows everything you need to know about each company. Prices, product history, customer service, investment tips, and pricing are all included.

  • Walmart Vs. Costco In 2022
  • Walmart versus Costco: Which Companies Are You?
  • Walmart with 11,000 outlets in 27 countries is an established company.

    It was established by Sam Walton and is still located in Arkansas.

    Walmart was first publicly traded in 1997. Now, it operates Sam’s Club warehouses, and is looking to the financial market.

    Costco Wholesale Corporation was created in 1976. Until 1983, the company was known by its earlier name Price Club.

    The multinational company operates 800+ stores in 13 countries so far, but still calls Issaquah in Washington state home.

    Costco’s discount-pricing warehouse model is more attractive than Walmart’s Sam’s Club, BJ’s Warehouse, and other Costco locations.

    Costco currently has $80billion in net worth as one of the top U.S. retailers.

  • Walmart Vs Costco: Stores
  • The first thing to note is the entry requirements.

    Costco has a $60 annual membership fee. Gold Star Executive members pay $120.

    Walmart does not charge membership fees. Customers can simply walk in and shop.

    You will feel at home once you walk into a Costco or Walmart.

    The first is that both Costco and Walmart have incredible square footage.

    All that space allows for extra-wide aisles, for extra-wide carts that can fit a lot of goodies. Ceilings feel impossibly high.

    However, layouts dramatically diverge from there.

    Walmart stores are a mix of two or three layouts. I know that Supercenters has grocery, and all other items reside on the opposite sides.

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

    Costco worked with designers to develop an anti-anxiety environment which guides customers through their store.

    This gentle herding is a way to encourage shoppers to shop by placing strategically placed products.

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

    As big as Costco is, you might be surprised to know that the stores typically carry only about 4,000 products.

    Walmart sells items individually (though some items come in bulk packaging). 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.

    Are you a big family? Do you need more stock or less? Costco, it’s. Is it more variety you like or are you more loyal to certain brands? Walmart is the best option.

    Below are the very similar departments both stores contain within.

    Departments:

  • Groceries
  • Accessory and Clothing
  • Beauty and Personal Hygiene
  • Sports Gear
  • Goods for Home
  • You will need household essentials
  • Supplies for the Office
  • Electronics
  • Garden And Outdoors
  • All Pet Products
  • Toys And Games
  • Auto
  • Walmart’s stores often have craft departments, which still sell fabric by the bolt.

    Costco stores additionally sell a variety of pre-made gift baskets with their floral department.

    Also, Walmart has a wider selection of prepared food – think, fried chicken and sides, hot meals, etc., all for carry out.

    While Costco has its own beloved food court, complete with hot dogs, pizzas, smoothies, and even ice cream for low prices.

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

    After all, this is part of the business model that keeps prices so low.

    These are some Walmart brand names that you will recognize:

  • Sam’s Choice – Premium Tier Food Products
  • Marketside – Deli-style foods
  • Equate – Pharmacy and other beauty products
  • Mainstays: Home decor and household goods
  • The Parent’s Choice for Baby Goods
  • George/Terra & Sky Time and Tru Wonder Nation – Apparel
  • Kirkland is Costco’s most prominent private label company.

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

  • Walmart Vs Costco: Prices
  • For most people, price is a motivator. This applies especially to the need for well-stocked kitchens and pantry.

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

    What store sells grocery staples at the lowest prices?

    Gina Zakaria from Money.com did an overall price comparison and concluded that Costco’s prices were generally lower than Walmart.

    Costco is more affordable per unit, ounce or pound. However, this means that you will be forced to purchase more.

    You’re just wasting your money if the cheaper Costco cheese shredded cheese you bought turns out to be bad.

  • Walmart Vs Costco: Services
  • Walmart and Costo each offer extra services in-store, such as vision centers, pharmacies and bank accounts.

    Walmart’s stores both provide auto service, but some have garages, which allow them to do oil changes, tire repairs, and other services.

    Costco on the other hand connects its customers with partnered auto shops and offers a discount on the services. Some locations also have propane refill stations or gas stations.

    Costco often subcontracts to or partners with companies that offer home improvement services (flooring, even sunroof installation), as well as insurance and plan purchases.

  • Walmart Vs Costco: Customer Service
  • After surveying more than 62,000 customers, the American Customer Satisfaction Index released its 2019 findings.

    Costco won the customer satisfaction category. Forbes.com identified Costco’s Customer-First Culture as a major reason.

    Walmart’s score was 74/100. This is down from Costco’s score of 85/100. It wasn’t an inexplicable score, but it was one the most disappointing.

    MarketWatch has published an article entitled “4 Reasons Walmart the Most Hated Retailer in America” Yikes.

  • They wrote, “Walmart isn’t exactly known for its friendly and helpful employees…”
  • It has worked for me. Service without a smile isn’t a guarantee, and the employees who serve me at the service desk have often treated me hostilely.

  • 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.

  • Even opened milk was taken back by them and they refunded me the money. For more information on Walmart’s returns policy click here
  • Yet somehow Costco’s generous return policy has them beat. As Clark.com puts it, “You can basically return anything, at any time, no questions asked.”
  • Only electronics, cigarettes and alcohol are exempted.

    Costco is willing to take your item back, and even refund it if you do not have the receipt.

    For Costco’s full return policy, read here.

  • Walmart and Costco: Wages of Employees
  • If you consider good wages to be part of a company’s ethical footprint, Walmart and Costco tell different stories.

    Walmart has approximately 2.2 million employees around the world. In the U.S., their base wages start at $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 has recently stated that it was “bumping” wages for $15 an hour, but the wording matters.

    About 425,000 Americans will begin earning $13/hour. This brings up the average wage, but not the baseline.

    Costco pays their employees very well, however. They recently raised their starting wage to $16/hr.

  • It means that the retail giant makes an impressive $24/hour on average. !
  • Walmart Vs Costco: Stock
  • It’s worth considering Costco or Walmart if you are looking for a discount retailer to add to your portfolio.

    James Brumley from The Motley Fool believes that Walmart is the stronger horse.

    Walmart’s stock valuation and price, as well as the lack of pricing for membership (Costco’s is forecast to increase), are some reasons that he prefers Walmart to Costco.

    After you have read about Walmart vs. Costco you may also want to check out our posts related to how Walmart pays stockers and 33 Walmart statistics. 23 Costco statistics are also available.

  • 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 is still the best option for large families shopping for party supplies or stocking up on groceries once or twice per month.

    Walmart is the perfect everyday store, thanks to its low prices, extensive selection, and easier access.

    Is Costco More Expensive Than Walmart?

    Gina Zakaria from Money.com performed a price comparison and discovered that Costco was generally more affordable than Walmart. However – and this is a big however – while the price per unit or ounce or pound is cheaper at Costco, you’re locked into buying more of it.

    Costco Products are cheaper than Walmart

    Is it cheaper to shop at Walmart or Costco? You can’t really say which is better, as prices vary per item. But overall Walmart’s Great Value brand offers lower prices on many items including groceries and other household essentials.

    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 better choice when buying products on a budget, especially for groceries and electronics.

    Costco vs Walmart: What’s the difference?

    Costco uses fees to make bulk sales and collects from its members. Walmart on the other hand, is a more traditional retailer with a goal to bring down prices.

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

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