Costco is dominating retail as economy slows - BitcoinEthereumNews.com
KabuhayanCostco is dominating retail as economy slows07 / 09 / 2022Balita ng Ethereum ng Bitcoin While the rest of retail begins cracking under the weight of consumers pulling back, Costco is proving to be the shining light in the current storm. Pros say Costco is gaining market share right now as shoppers consolidate trips and search for savings in bulk buying amid the period of mataas na inflation. Costco is doing its part to feed that thesis. On Thursday, the warehouse retailer said that June same-store sales — excluding fuel sales — rose an impressive 13%. Store traffic surged 10.2% year over year and “core” U.S. sales improved 13.2% while e-commerce sales rose 13%. WASHINGTON, D.C., Aug. 15, 2020 — Shoppers wearing face masks leave a Costco wholesale store in Washington, D.C., the United States, Aug. 14, 2020. (Photo by Ting Shen/Xinhua via Getty) (Xinhua/ via Getty Images) Overall, Costco notched sales increases in all of its merchandise departments, led by a mid-teens percentage increase in its food business. “Costco is the dominant leader in the attractive warehouse club chanel,” Jefferies analyst Corey Tarlowe wrote in a note to clients. “We see prospects for the company to deliver comparable sales 1-2 percentage above historical levels based