It's also different demographics. Costco shoppers have always been in the highest income brackets, while Amazon's are middle of the pack and Walmart's tend to b

It's also different demographics. Costco shoppers have always been in the highest income brackets, while Amazon's are middle of the pack and Walmart's tend to be at the lower end [0][1]. [0] - https://www.businessinsider.com/amazon-shoppers-richer-than-walmart-2020-1 https://www.businessinsider.com/amazon-shoppers-richer-than-... [1] - https://www.businessinsider.com/how-costco-sams-club-shoppers-differ-income-spending-habits-2025-3 https://www.businessinsider.com/how-costco-sams-club-shopper...