Thursday, January 16, 2020

Costco proves why it's Amazon-proof as stores like Target and Macy's struggle

Business Insider
Target joined the lineup of retailers to report weaker-than-expected holiday sales numbers on Wednesday.

The big-box store reported that sales grew 1.4% during November and December, breaking its eight-quarter streak of 3% growth or more.

While analysts weren't ready to sound the alarm just yet, its results stood in stark contrast to another one of retail's top players — Costco, indicating that the warehouse chain really is one of the few players that has managed to stave off the threat of Amazon.. . . more