Why Costco Went All in on Kirkland --- and How It Paid Off

[Oopsie Daisy]

Costco went against industry standards in 1995 with the creation of its private label, Kirkland Signature. With $86 billion in sales last year, Kirkland is now a bigger brand than Procter & Gamble and Kraft-Heinz. Compared with other mass retailers like Target and Walmart, which have multiple brands, club channels like Costco and Sam’s Club are winning the private-label food and beverage space by consolidating.

WSJ breaks down why Kirkland is now the retail behemoth’s secret weapon.

Chapters:
0:00 Costco’s private label
0:43 Why Kirkland was created
3:03 Consolidating under one brand
4:05 Impact on Costco and the industry
5:03 Impact on suppliers
6:28 Challenges ahead

[ShazamIam]

1. Kirkland brand is successful because the products are of good quality. I have never been dissatisfied with a Kirkland

branded product.

[yardwork]

2. Bingo.

[Oopsie Daisy]

3. I like every Kirkland brand product too, except...

... Kirkland brand toilet paper. (And I recently saw a consumer reports article that agrees with me.)

[mercuryblues]

4. I agree with you.

[fujiyamasan]

5. I think they often source from the same or very similar suppliers as the big brand stuff