Coleman Research Group’s Consumer Goods & Services team notes articles regarding Costco will begin accepting food stamps and DVD kiosks & subscriptions see growth
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Costco will begin accepting food stamps
Costco Wholesale Corp. said yesterday that it would start accepting food stamps from the 36 million Americans that use them at its warehouse clubs nationwide.
That is a reflection that food-stamp use has hit new heights.
The rolls of food-stamp recipients nationwide have grown by 10 million over the past two years. The U.S. Department of Agriculture said nearly 200,000 retailers nationwide now accept food stamps, 20 percent more than in 2005.
In Hawaii, food-stamp recipients grew in number by 23 percent in the year ending in June compared to the previous year and included more than 125,000 residents.
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With rental stores closing, DVD kiosks, subscriptions see growth
LAS CRUCES — In the past two-and-a-half years, three Blockbusters and one Movie Gallery within the city shut their doors for good, while video kiosks and movies-by-mail services continue to increase.
Redbox and other video rental kiosks and Netflix, the video-by-mail subscription service, continue to cut into the $8.15 billion video rental market. According to estimates from Adams Media Research, a California video research firm, video stores have about 60 percent of that market.
Michael Arrington, an analyst for Adams Media Research, said he expected the entire video rental market to remain at the $8-billion-plus level for the next several years.
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