Thursday, May 7, 2020

Costco’s Sales Fall for First Time in Over a Decade

The Wall Street Journal
Costco Wholesale Corp.’s monthly sales fell for the first time since the recession, as stay-at home orders and social-distancing restrictions reduced shopper traffic and some parts of stores offered limited service.

Comparable sales, those from stores and digital channels operating for at least 12 months, fell 0.5%, excluding the impact of gasoline and currency fluctuations, for the four weeks ended May 3. Including those items, sales fell 4.7% as low gas prices further pushed sales down. . . . more