Cabelas, the discount chain that has become synonymous with Costco in recent years, is offering a new deal to its customers: The store will keep the best part of Costco for free.
The store will open a Cabelos grocery store next year that will offer a full line of products from Costco, including specialty items, and offer free shipping to all customers, Cabelo’s spokesperson Lauren Lutz told CNNMoney.
Costco will also keep some products for its own line, such as Cabeli-brand cheese, and a few other items.
Cabelos’ offer is a significant boon for Costco customers, who will see more than 30% of the store’s inventory be free, said Sarah McComas, vice president of sales for Cabeloes.
The new Costco store will also be available to consumers who have an existing Cabels account.
“We are offering an expanded selection of products that are more in-demand than ever before, including our Cabeloses branded products, so it will be easier for customers to find what they want, said McComas.
Coca-Cola and the CSA have been partners for years, but Costco is now one of the top-selling brands in the country.
Costco has seen a strong increase in its sales and has more than doubled its annual profit, to $2.5 billion in the first quarter, compared to last year, according to analysts at Jefferies.CSA, which owns PepsiCo, Coca-Cola, and other beverage brands, has had an overall revenue decline of nearly $1 billion since 2009.
CSA CEO Richard Trumka told CNN Money in March that his company is in a “bubble” of growth, but said Costco and other companies will have to keep growing to keep their companies in the top five.”
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