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Financial guru reveals how to shop at Costco without membership

<p>With the cost of living crisis, people have started abandoning their local supermarkets and heading to Costco to do a shop that doesn't break the bank.</p> <p>While best known for its deals, shoppers must have a membership with the wholesaler, meaning they pay a yearly fee of $60 to shop there.</p> <p>However, one bargain hunter and money-saving expert has revealed how to shop at the supermarket without paying the membership fee.</p> <p>To access a Costco without a membership, shoppers need a shop card, financial guru Little Birdie explained.</p> <p>The cards can be preloaded with any amount from $25 to $999.99, with recipients then able to use them for purchase in store.</p> <p>There is a catch - the cards have to be bought by a current member, and can’t be used online, or in fuel stations, Birdie continued in her TikTok.</p> <p>Currently, there are only 15 stores across Australia.</p> <p>Parents of larger families have reported getting hundreds of dollars off their grocery bills by buying in bulk at Costco.</p> <p>“Every time I go to Costco, my favourite part is seeing how much money I saved. Yesterday was my first trip there in a few years. I spent $593,” one woman wrote on Facebook.</p> <p>“I did a (fake) online order with Coles, selecting equal quantities as what I have purchased at Costco. Coles would have cost me $783.”</p> <p>She claimed the quality of the products, particularly meat, is better than other stores and is the ideal place to purchase expensive dog food in bulk at a quarter of the price.</p> <p>“We actually ended up saving around $35, on approximately six weeks food for our dogs. But the real win is that we have it already, and don't have to get stress when we're running out and all the supermarkets are out of stock!”</p> <p>The wholesaler has served to help many families in desperate times with one woman saying she <a href="https://www.oversixty.com.au/lifestyle/food-wine/groceries-option-even-cheaper-than-aldi" target="_blank" rel="noopener">saved a whopping $600</a> by shopping at Costco.</p> <p><em>Image credit: TikTok</em></p>

Money & Banking

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Groceries option even cheaper than ALDI

<p>With the cost of living crisis many Aussies are struggling to put dinner on the table, so they’re turning away from big chains like IGA and Coles and heading over to supersize store Costco.</p> <p>Originally an American chain, there are only 15 Costcos across the country, but with inflation rising to seven per cent and interest rates sitting above six per cent, Aussies are rethinking where and how they shop.</p> <p>Costco is being boasted as a lifesaver and worth the drive if you don’t live near one of the stores.</p> <p>Many Aussie parents have turned to Costco to help their families through the tough times, but it’s not your ordinary grocery store.</p> <p>Costco required you pay a $60 annual membership fee to shop there. The fee entitles members to exclusive access to its petrol stations as well.</p> <p>Although an upfront fee may leave shoppers hesitant, plenty of Aussies have shared online that it’s worth the money.</p> <p>Costco differs from other grocery stores because it’s a wholesaler, so you can only buy things in bulk.</p> <p>The idea is that shoppers spend more to begin with, but it ends up costing them less in the long run. It’s very much suited to large households.</p> <p>An Aussie mum posted on Facebook to share that popping her “Costco cherry”, saved her over $500.</p> <p>“I did a bit of maths, if I did the same shop at Woolies/Coles, I would have spent $1160. If I shopped at Aldi, I would have spent $985. If you can afford to buy in bulk, I highly recommend it will save you in the long run,” she wrote on Facebook.</p> <p>She shared exactly what she bought to have that much cash left over, and believes she managed to buy enough snacks to last an entire school term.</p> <p>“School lunch snacks x3 kids, will last the whole of next term (I do a three snack rule and put them in a zip lock bag, to grab and go, chips – vege chips, smith’s or jumpys, tiny teddy’s or panda Bickies and some muesli bar/fruit stick) then I just have to add a sandwich, fruit and popper.”</p> <p>The mum also bought some everyday items like, “Toilet paper, poppers and water,” and stocked up on meat to last a good while.</p> <p>“Mince, pork, beef, all divided up into 1kg lots and frozen,” she explained.</p> <p>She also stocked up on hand wash, cheese and fruit and veg, but shared that some of the most significant savings came from buying pantry basics.</p> <p>“Spices and sauces, Big savings here if you use a lot, like I do, as I cook most things from scratch,” she said.</p> <p>She added she thinks the membership is worth it if shoppers are savvy in their approach.</p> <p>“Everyone says the $60 membership isn’t worth it; well, if you shop smart, it’s well worth it; I’m going to aim to go 4 times a year,” she shared.</p> <p>She’s no outlier when it comes to Aussie mum’s shopping at Costco.</p> <p>One mum shared that with three kids in high school, the savings are worth it.</p> <p>“The snacks are so much cheaper than at supermarkets,” she revealed, adding that she heads over to Costo every few months to stock up.</p> <p>“I spend a few hundred every two or three months, and it saves me on buying expensive snacks every week.”</p> <p>Another mum chimed in, agreeing that it was a lifesaver for snacks and cheap meat options.</p> <p>“It is good for meat products and lunch box items,” the woman said.</p> <p>Another shared that it is worth the investment, particularly to find affordable options for school lunches.</p> <p>“If you have kids at school! 100 per cent I recommend it. I got a month’s worth of school stuff for what I was spending a fortnight,” she shared.</p> <p>While another revealed that Costo has helped keep her budget down during these tough times.</p> <p>“Costco saves us so much money on school snacks and meat alone!”</p> <p>Plenty of shoppers have been referred to ALDI if their regular shop is proving too costly, but Costco can save you the big bucks.</p> <p><em>Image credit: Shutterstock</em></p>

Food & Wine

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Good news for shoppers: Coles launches supersized products to beat Costco

<p>Coles has decided to super-size its products in order to rival bulk-buying giant Costco.</p> <p>Costco allows customers who hold a membership to the store to buy items in bulk at massively discounted rates.</p> <p>Coles, in response, has decided to offer bulk-sized products as well.</p> <p>The new offerings will allow customers to save up to 60 per cent on some products, including Panko breadcrumbs.</p> <p>More than 25 popular Coles products will be offered in value-sized packs from baking products and special treats to a 5kg bag of Barilla pasta, which will cost you $14.</p> <blockquote class="twitter-tweet" data-lang="en-gb"> <p dir="ltr">Bulk buying is a good way to save money on groceries, but up until now it's been a niche market. Not anymore.<a href="https://twitter.com/hashtag/9ACA?src=hash&amp;ref_src=twsrc%5Etfw">#9ACA</a> | FULL STORY: <a href="https://t.co/FwnMegaDUf">https://t.co/FwnMegaDUf</a> <a href="https://t.co/9x5vBVemwO">pic.twitter.com/9x5vBVemwO</a></p> — A Current Affair (@ACurrentAffair9) <a href="https://twitter.com/ACurrentAffair9/status/1128236766878584832?ref_src=twsrc%5Etfw">14 May 2019</a></blockquote> <p>The larger product range will be in stores nationwide from today, but Coles CEO Greg Davis has a warning for customers.</p> <p>Stocks may vary from store to store, so customers should shop early to avoid disappointment.</p> <p>“We know our customers look for value when stocking up on pantry staples and offering some of our popular products in bulk is one way we are helping our customers save time and manage the family budget,” Mr Davis said to <a rel="noopener" href="https://www.news.com.au/lifestyle/food/eat/coles-is-now-offering-bulk-purchases-of-its-goods-rivalling-bulk-retailer-costco/news-story/9678432794d2e33ee8714921c8550446" target="_blank">news.com.au.</a></p> <p><img style="width: 0px; height: 0px;" src="https://oversixtydev.blob.core.windows.net/media/7826884/nutrigrain.jpg" alt="" data-udi="umb://media/485c9a1829b740d28215fffa8632718d" /></p> <p style="text-align: center;"><em>A regular sized Nutri-Grain next to the bulk serving offered by Coles</em></p> <p>“A great example is the Barilla 5kg bag of spaghetti, which is enough to make 40 main course-sized bowls of pasta and last the average family for a couple of months, or even feed the whole extended family at a celebration.”</p> <p>Coles senior communications manager Martine Alpins said customers would see savings of more than 60 per cent if they bought bulk items in some cases on <a rel="noopener" href="https://www.9news.com.au/national/a-current-affair-coles-bulk-buying-super-size-items-trial-launch-latest-news-australia/13b7ca56-61c5-4b6d-8f59-7c12fdde84bb" target="_blank">A Current Affair</a>.</p> <p>"Over winter our customers love to stock up on staples," she said.</p> <p>"Things that you don't want to have to keep buying at the supermarket. You can buy once and have it there ready to go for your family.”</p> <p>Some of the bulk offerings include:</p> <ul> <li>Barilla pasta, usually $1.95 for 500g, available in a 5kg bag for $14 (savings 28 per cent)</li> <li>Panko Breadcrumbs, usually $2.70 for 200g, available in a 1kg box for $5 (saving 63 per cent)</li> <li>San Remo Cous Cous, usually $2.80 for 500g, available in a 2kg pack for $6 (saving 46 per cent)</li> <li>Kewpie Mayonnaise, usually $4.90 for 300g, available in a 1kg bottle for $9 (saving 49 per cent)   </li> </ul>

Money & Banking

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Australia’s favourite discount department store has been named

<p>Who doesn’t love a bargain? With one store standing out amongst the rest, Australia has spoken and named their favourite discount department store – and it’s not Kmart.</p> <p>Beating the likes of Target, Big W and Best &amp; Less, Costco has been named as Australia’s leading discount department store with a score of 88.6 per cent in customer satisfaction, Roy Morgan’s latest research shows.</p> <p>With Target at 88.5 per cent and Kmart on 88.4, Costco just squeezed out on top.</p> <p>CEO of Roy Morgan Michele Levine said that Costco is the third discount department store to be awarded the prestigious title after Kmart and Target, which highlights the intense amount of competition between the stores.</p> <p>“Costco’s victory came by a whisker with a customer satisfaction rating of 88.6 per cent [which] was only a hair’s breadth ahead of rivals Target and Kmart,” she said.</p> <p>“It comes as the American retailer has unveiled plans for an ambitious expansion with a huge new distribution centre set to open in Sydney’s west next year signalling an expanded online retail presence.”</p> <p>The biggest improvement was from Best &amp; Less which scored a customer satisfaction rating of 86.4 per cent, which is a growth of 1.8 per cent in the last 12 months.<br />Costco improved by 1.7 per cent and Target rose by 1.5 per cent.</p> <p>Levine said that the high scores reflected how seriously the department store giants took to the threat of Amazon.</p> <p>“Amazon recently became only the second company to top a market capitalisation of $1 trillion,” she explained.</p> <p>“In an increasingly competitive environment with discount department stores facing increasing competition from online retailers such as Amazon, the big two department stores Myer and David Jones, specialist niche retailers and of course each other, maintaining a high level of customer satisfaction and building a reputation of trust is key.”</p> <p>The results are compiled after extensive research which consists of over 50,000 Australian’s taking part in a face-to-face interview, including more than 9,000 interviews with people who shop at discount department stores.</p>

Money & Banking

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Discount retailer wars: Could this be the end for Kmart?

<p>Costco has unveiled plans its giant Australian distribution centre that will service all their stores nationwide as well as their new online store, which will be launched next year.</p> <p>The $78 million facility will be finished in March 2019, with the company planning to move the store online in Australia shortly after that.</p> <p>Experts say that the retail giant’s online store could pose a huge threat to other discount stores, such as Kmart.</p> <p>The distribution centre in Sydney’s west will allow for more Australians to sign up to the $60 annual membership to get products delivered to their door.</p> <p>“Everything we do makes people change. The warehouse concept wasn’t here 10 years ago so we’ve had some impact on the retail scene,” Costco Australia General Manager, Patrick Noone, told <a href="https://www.9news.com.au/"><strong><em style="font-weight: inherit;"><u>Nine News</u></em></strong></a>.</p> <p>The online store will still require a Costco membership, with the company promising to have exclusive online offers around home appliances, furniture and other big-ticket items.</p> <p>Earlier in the year, market research firm Roy Morgan reported that Costco Australia was narrowly beating Kmart in customer satisfaction.</p> <p>Kmart had a nine per cent profit in the first quarter of 2018, which was largely attributed to the retailer’s online store.</p> <p>Costco’s online store will try to compete with other Aussie retailers by stocking the equivalent of 30 stores worth of stock.</p> <p>QUT international business expert Gary Mortimer believes Costco will “absolutely” be able to compete online in Australia, reported <a href="https://thenewdaily.com.au"><strong><em style="font-weight: inherit;"><u>The New Daily.</u></em></strong></a></p> <p>“Costco is certainly concerned about Amazon's entrance to the Australian market,” he said.</p> <p>“Ultimately, it does represent a threat to incumbent supermarkets and department stores in Australia.”</p> <p>Costco’s distribution centre, which is the size of 17 Olympic football fields, will create close to 1000 jobs and have the capability to distribute to 30 warehouses.</p> <p>“This location is ideal for housing our depot and providing hundreds of jobs in Sydney's booming west,” Mr Noone said.</p> <p>Last week, Costco opened a $55 million warehouse in Epping, Melbourne.</p> <p>Are you excited for Costco’s online store to be launched in Australia? Let us know in the comments below. </p>

Money & Banking

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Retail giant Costco to open new superstore in Australia

<p>Costco is set to open its 10<sup>th</sup> superstore in Australia and the announcement of its location is imminent.</p> <p>The official announcement is expected to be made within the month but according to <em>A Current Affair</em>, Ipswich in Queensland is expected to be the new location of the Costco supermarket.</p> <p>Queensland currently only has one Costco and it is believed councils across the state were bidding for a second.</p> <p>Ipswich outgoing mayor Paul Pisasale did not confirm the news but said the Queensland city would receive some good news soon.</p> <p>“I just had a phone call before in regards to a major announcement and I'm sure the acting mayor would take a lot of delight in telling everybody,” Mr Pisasale said.</p> <p>It is expected that Costco bosses will visit Ipswich next week and an official announcement is expected to follow within the month.</p> <p>Costco currently has one store in South Australia, one in Queensland, three in New South Wales, one in the Australian Capital Territory and three in Victoria.</p> <p>The retail giant has grown in popularity since it first opened an Australian store in Docklands in 2009.</p> <p>QUT international business expert Gary Mortimer told Daily Mail Australia as Costco opened more stores, there would be room for more savings due to buying in bulk.</p> <p class="mol-para-with-font">“This is about economies of scale. When you bring in product and try to supply a small group of stores it's quite costly, but when you can multiply these store you can bring in more containers,” he said.</p> <p>“It's basically buying in bulk, buying for more stores and product, the price comes down.”</p>

Money & Banking

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Costco announces brand-new Aussie store

<p>A new Costco supermarket is opening in Melbourne’s north in 2018.</p> <p>The new store in Melbourne’s north will be created in Pacific Epping Shopping Centre</p> <p>This store will be the fourth Costco in Melbourne and will create 250 full-time and part-time jobs for the area.</p> <p>Other Costco stores in Melbourne include the first Australian opened Costco outlet Docklands, and Ringwood and Moorabbin Airport stores.</p> <p>The managing director of Costco Australia, Patrick Noone, believes Epping is a perfect location for the company’s fourth Melbourne supermarket.</p> <p>Similar to the Moorabbin store, the Epping Costco will feature a petrol station for customers.</p> <p>“It’s offering convenience for our rapidly expanding membership in this area. We look forward to being an integral part of the growth in Melbourne’s north,” Patrick said.</p> <p>Also joining the Pacific Epping Shopping Centre is a new Quest Apartment Hotel and 1300sqm of new restaurants.</p> <p>Spokesman for Pacific Centres, Graham Terry, said the new stores coming to Epping would reinvigorate the centre.</p> <p>“With Costco, we are proud to be able to offer an international retailer offering for the growing numbers in our trade area,” he said.</p> <p>“And with Quest Apartment Hotels, the nearest hotels are Tullamarine, Preston and Bundoora, so the demand is evident.”</p> <p>Construction for the new stores coming to Epping centre will begin mid-2017 and are expected to be completed by mid-2018. </p> <p><strong>Related links:</strong></p> <p><span style="text-decoration: underline;"><em><strong><a href="http://www.oversixty.com.au/finance/money-banking/2017/03/shoppers-overwhelmed-by-overabundance-of-choice/">Shoppers overwhelmed by overabundance of choice</a></strong></em></span></p> <p><span style="text-decoration: underline;"><em><strong><a href="http://www.oversixty.com.au/finance/money-banking/2017/02/food-prices-set-to-rise-for-aussie-shoppers/">Food prices set to rise for Aussie shoppers</a></strong></em></span></p> <p><span style="text-decoration: underline;"><em><strong><a href="http://www.oversixty.com.au/finance/money-banking/2017/02/ways-to-cut-your-grocery-spend-in-half/">8 ways to cut your grocery spend in half</a></strong></em></span></p>

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Costco set to open number of stores across Australia

<p>The boss of Costco Australia has revealed where some of its future stores will be built, as the popular bulk discount retailer grows bigger and better. </p> <p>At the moment Costco has eight stories across Australia, but in the year ahead, they plan to open three more buildings.</p> <p>You might want to pay extra attention if you live in New South Wales, Queensland or Victoria. One store will be opened in Marsden Park, Sydney, another will be in Brisbane and the third is set to open up in Victoria, in the suburb of Epping.</p> <p>Costco Australia’s Managing Director Patrick Noone has plans to look at “second-tier cities” such as Newcastle, Wollongong and Darwin.</p> <p>After making $1.3 billion in sales Mr Noone says success could be attributed to the company’s “efficient business model.”</p> <p>The retailer has become an instant hit with shoppers, who are charged an annual membership fee of $60.</p> <p>If you need to purchase fresh food, clothes, petrol, furniture, hardware or electronics, Costco stocks it!</p> <p>Its constantly changing and evolving nature as well as its focus on petrol stations, means it is expected to capture more of the market and put the pressure on heavyweights Coles and Woolworths.</p> <p><strong>Related links:</strong></p> <p><span style="text-decoration: underline;"><strong><em><a href="http://www.oversixty.co.nz/news/news/2016/01/stunning-mid-air-firework-video/">Drone captures footage of fireworks display mid-air in this spectacular video</a></em></strong></span></p> <p><span style="text-decoration: underline;"><strong><em><a href="http://www.oversixty.co.nz/news/news/2016/01/tips-to-make-dairy-products-last-longer/">7 tips to make dairy products last longer</a></em></strong></span></p> <p><span style="text-decoration: underline;"><strong><em><a href="http://www.oversixty.co.nz/news/news/2016/01/spot-the-panda-hidden-in-this-vintage-school-photo/">Spot the panda hidden in this vintage school photo</a></em></strong></span></p>

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