Costco, BJ's Post Strong Profits

Warehouse clubs Costco and BJ's reported substantially higher profits on Wednesday, with both benefiting as cost-conscious shoppers worried about the economy shunned department stores and specialty retailers in favor of lower-priced alternatives.

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PORTLAND, Ore. -- With many families suddenly struggling to feed themselves, the big warehouse clubs known for king-size packages of steak and jumbo boxes of Cheerios are increasingly competing with grocery stores for the 36 million Americans now on food stamps.

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1. "You paid your dues? Good, now get in line." More than 100 million Americans now shop in warehouse clubs including BJ's, Costco, or Sam's Club each year. That's 50 million more than in 2002.

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NO SUPER BOWL PARTY would be complete without some choice of beverages.

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