Costco reportedly drops Palmetto Cheese after owner calls BLM a "terror organization" (2024)

Costco has reportedly stopped selling Palmetto Cheese after the owner of the pimento cheese brand called Black Lives Matter a "terror organization."

The warehouse club pulled Palmetto Cheese, which had been sold in more than 120 of its stores, after Brian Henry, the founder of Palmetto Cheese and mayor of Pawleys Island, South Carolina, drew criticism for writing in a Facebook post on August 25 that he was "sickened by the senseless killings in Georgetown," according to news reports.

Screenshots of Henry's post, which has since been deleted, made the rounds on social media and prompted calls for a boycott of Palmetto Cheese. The controversial Facebook post followed the deaths of two white people in Georgetown, South Carolina, in August, with a Black man accused of killing them in a dispute over a car crash, accordingto a local news station.

"2 innocent people murdered. Not 2 thugs or people wanted on multiple warrants. 2 white people defenselessly gunned down by a black man," Henry wrote. "So why do we stand by and allow BLM to lawlessly destroy great American cities and threaten their citizens on a daily basis ... This BLM and Antifa movement must be treated like the terror organizations they are."

Costco and Henry did not immediately return requests for comment.

A sign posted at a store in Myrtle Beach, South Carolina, indicated that Palmetto Cheese had been pulled from Costco's shelves, according to alocal news report.

The Palmetto Cheese website,www.pimentocheese.com, describes the product as the top-selling pimento cheese in the country and as being sold at more than 9,100 stores in 44 states and Washington, D.C.

Costco is in the process of removing Palmetto Cheese from its shelves, with a note at the Myrtle Beach location indicating that it will not be re-ordered.

Our @NickMasudaPhoto with the #breakingnews: https://t.co/fPUNhGCKAo

— Post and Courier Myrtle Beach (@PCMyrtleBeach) September 18, 2020

At a press conference earlier this month, Henry reportedly apologized for his comments, calling them "hurtful and insensitive." He also urged those calling for a boycott of his company's product to consider the hundreds of jobs that depend on its success.

The Georgetown chapter of the NAACP hascalledfor Henry's resignation.

After Henry's Facebook post became public, his company's use of a Black woman on its Palmetto Cheese packaging also drew criticism, accordingto the Raleigh News & Observer. The woman pictured is Vertrella Brown, a former cook at the Henry family's Sea View Inn on Pawleys Island, according to the newspaper, which added that Henry's company planned to redesign the packaging and that a new label would be on store shelves by the end of next month.

Kate Gibson

Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and consumer finance.

Costco reportedly drops Palmetto Cheese after owner calls BLM a "terror organization" (2024)

FAQs

Who is Costco owned by? ›

Costco is mainly owned by institutional investors, who own over 70% of shares.

Is Costco owned by Walmart? ›

Costco is a publicly traded company, while Sam's Club is a subsidiary of Walmart. Costco's membership fees are more expensive and the prices of basic products at Sam's Club are generally cheaper.

What states do not have a Costco? ›

The states that still don't have a Costco are Rhode Island, West Virginia and Wyoming, according to a nationwide warehouse list on Costco's website. Until recently, that list also included Maine.

Where is Costco's main headquarters? ›

What is the religion of the owner of Costco? ›

Sinegal: I was raised and educated as a Catholic. I would not suggest to you that I am a practicing Catholic today, although I still consider myself a Catholic. I am involved in many Catholic charities, mainly because I have that background. I am a trustee on the board of Seattle University, a Jesuit University.

Is the founder of Costco a billionaire? ›

James D. Sinegal (born January 1, 1936) is an American billionaire businessman and the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain. He served as Costco's president and CEO from 1983 until 2011.

Is Walmart richer than Costco? ›

Both of the companies are operating on a similar profit margin level (2,4% vs 2,6%). However, the approach of the companies is very different. Walmart is significantly bigger in revenue (almost three times) and puts a higher operating margin on the products it sells (24,8% vs 12,9%).

Who is better, Sam's Club or Costco? ›

* Overall, Costco members report higher satisfaction * More Costco locations than Sam's Club * If you're looking to save the most money Sam's Club is the winner * Better overall quality and customer experience goes to Costco XO, Lora CHECKOUT my website: LORAfied.com for more!

Why is Walmart changing their name? ›

The company, which became the largest retailer in the world with a huge chain of stores, is changing its name to reflect its increasing emphasis on e-commerce. As of Feb. 1, it will no longer be "Wal-Mart Stores" and will get rid of the hyphen and drop "stores" from its legal name.

Why does Wyoming not have a Costco? ›

The three states that are not home to the beloved bulk store include Rhode Island, West Virginia, and Wyoming. Why the Costco snub, you ask? It all boils down to a numbers game. With the smaller populations of these states, they have not quite made the cut under Costco's radar -- at least not yet.

Who is the equivalent of Costco in the US? ›

Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.

Why is Costco called Kirkland? ›

Costco launched Kirkland Signature products in 1995 as an umbrella to its different private labels. The name came from the company's original Washington State headquarters. At the time there were about 30 different products, but now there are 364 products under the Kirkland brand.

Where does Costco make most of their money from? ›

Key Takeaways. Costco makes some of its profits from its merchandise, but the bulk of its profits come from membership dues. Only members can shop at Costco. The membership business model allows Costco to undersell the competition by offering products in bulk at lower prices to ensure customer loyalty.

What does Costco stand for? ›

While some sources mention the name is actually just the shortened version of Cost Company, there is no hard evidence to back up these claims. On the other hand, there are some theories circulating online about Costco actually being a Chinese corporation whose name stands for China Off Shore Trading Company.

What company did Costco merge with? ›

Price Club was an American warehouse club chain. Founded in 1976, it merged with its competitor, Costco Wholesale, in 1993. The original Price Club warehouse in San Diego, California, is now Costco location number 401.

Who are the insider owners of Costco? ›

Costco (COST) Ownership Overview

Approximately 52.41% of the company's stock is owned by Institutional Investors, 0.82% is owned by Insiders and 46.77% is owned by Public Companies and Individual Investors. The ownership structure of Costco (COST) stock is a mix of institutional, retail and individual investors.

Are Costco and Target owned by the same company? ›

Costco is not part of the Target Corporation (or vice versa) whereas Sam's Club is a division of Walmart Stores.

Who is the primary shareholder of Costco? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Morgan Stanley, Fmr Llc, Geode Capital Management, Llc, Invesco Qqq Trust, Series 1, and Bank Of America Corp /de/ .

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