CLUBS SEEN IN COMEBACK, BUT NOT AS HEAVY HITTERS

Membership warehouse clubs appear to have bounced back from protracted periods of problematic same-store sales, and supermarkets continue to take them seriously as competitors.

But while supermarkets continue to actively compete against the clubs, they no longer view these opponents as the fearsome entities of a few years ago. Such status has now been reserved for certain other operators including supercenters.

Indeed, supermarkets have learned a lot from clubs and ha

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