Monday, October 21, 2019

At Costco 'everything resonates with the consumer'

Retail Dive
It's more common to find a struggling retailer than one that's comfortably surviving, let alone thriving.

While a good portion of retailers could be classified as "penny stock," with some companies like Pier 1, J.C. Penney and Ascena even receiving threats of stock exchange delisting for trading below the requirements, Costco has been trading well above $200 since January, with it teetering around $300 more recently. The club retailer also isn't facing massive store closures. While some other players, namely mall-based retailers, overexpanded and are now contracting, Costco has opened new warehouses at a steady pace. . . . more