Monday, February 10, 2020

Costco strong in January

Chain Store Age
Costco Wholesale Corp. came strong out of the gate in the first month of the year.

The membership warehouse club retailer reported net sales of $11.57 billion for the four weeks ended February 2, 2020, up 8% from $10.71 billion in the year-ago period. Total same-store sales (excluding the impact of gasoline and foreign exchange) rose 5.3%, with a 5.6% increase in the U.S. E-commerce comparable sales surged 17.2%. . . . more