Why Costco Went All in on Kirkland — and How It Paid Off | WSJ Case Study

Video Description

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 #Costco #Business #WSJ