Sam’s Club, the Walmart-owned purveyor of bulk toilet paper and ketchup, had a terrible last few months, the company announced Thursday. Meanwhile its competitor Costco is doing just fine.
Sales at Sam's Club stores open for a year or more fell 0.5 percent from a year ago in the just-ended fiscal first quarter, the company announced Thursday. The poor results come a few months after the chain laid off 2,300 workers.
Costco, in comparison, recently took home $457 million in profits, even as its quarterly results disappointed Wall Street expectations.
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