we compare identical stores,
b.j. hayes has stronger
same-store sales.
that's the key metric.
it grew at 2.9%, excluding gas
sales.
and they're expected to increase
by 3% to 5% in the third quarter
and 4% to 6% in the fourth
quarter.
costco same-store sales were
flat last quarter.
they were down 1% in july.
who takes the cake when it comes
to inventory?
too much inventory in a retailer
has to put an additional sales
and promotions to get rid of old
merchandise.
inventories is the nemesis of
retail profits.
these warehouse stores are no
exception.
here costco has the edge.
it beats b.j.'s.
its average decreased by 4% in
the most recent quarter, b.j.'s
increased by 4%.
that's a little scary, but the
manager said it was due to
increased of soft trends which
it had noted it already began to
reverse in early august, so
costco doesn't wipe the floor