Costco may be Yahoo Finance’s 2022 Company of the Year, but its smaller, wholesale retail rivals, Sam’s Club and BJ’s Wholesale Club, give it, and shoppers, something to think about.
At a time when rival retailers have struggled to address employee demands for higher wages and better benefits, Costco has managed to separate itself from the pack, building on a reputation as one of the friendliest places to work in retail.
It's been hard to find an economic news story this year without the word "inflation" in the headline. The reality is that higher living costs have been a problem since the second half of 2021, when generous stimulus policies put lots of cash in Americans' bank accounts and created a wide gap between supply and demand that drove prices up. In a CNBC interview, McMillon said that inflation levels are falling with regard to discretionary merchandise like apparel, sporting goods, and toys.