Monday, September 10, 2018

Costco posts another stellar month—and quarter

Chain Store Age
Costco Wholesale Corp. was on fire in August, as total same-store sales rose 9.2% (or 8.9% excluding the impacts of gasoline and currency fluctuations). It was the retailer’s 14th consecutive month of positive comparable sales. Comparable store sales in the U.S. were up 11.3%.

Costco’s online sales surged 23.8% in August. The increase comes amid an increased online push by the retailer, including an updated partnership with Instacart. . . . more