There's more upside ahead for Costco and BJ's Wholesale thanks to their lower prices, Loop says

Customers carry their items after shopping at Costco in Washington D.C., May 5, 2021.
Ting Shen | Xinhua News Agency | Getty Images

As some consumers look to cut back spending due to surging prices, some parts of the retail industry could see their focus on value pay off, according to Loop Capital Markets.