Costco is known as a go-to destination for consumers looking to stock up on everything from food to floor care, and a relatively new assistant buyer, Taylor Martinez, is attracting attention in the home environment and personal care appliance categories.
The Retail Robustness Index is a Coresight Research effort to determine which retailers are best able to cope with the coronavirus crisis and Costco now ranking second might not surprise anyone.
For the five week fiscal month of June, Costco reported net sales of $16.18 billion, up 11.1% from the period a year earlier.
The broader retail sector in the U.S. could take years to recover from the impact of the COVID-19 pandemic, eMarketer has asserted, but e-commerce will be a bright spot.
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
ISSAQUAH, WA— The COVID-19 pandemic in the U.S. drove consumers to Costco as a place to stock up on food and household essentials, but images of consumers driving wagon loads of groceries, paper towels and other necessary products out of its warehouse clubs don’t provide the whole picture.
Costco’s store traffic has been a highlight of its performance through the coronavirus outbreak in the U.S., according to traffic tracker Placer.ai.
NEW YORK— The world is changing quickly and decisively under the influence of the COVID-19 pandemic, but, while that is a circumstance generating concern, it also means that some companies will discover they are better positioned to gain from the situation than others.
Effective May 4, Costco has set new rules for shopping its warehouse clubs, including member and guest mouth and nose face coverings.
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.