Costco reports double-digital sales growth in October
Costco Wholesale Corp. reported another strong month as its digital sales continue to accelerate.
Costco reported net sales of $24.50 billion for the four weeks ended Nov. 1, up 12.6% increase from $21.75 billion in the year-ago period.
Digitally-enabled sales (defined by Costco as sales initiated through a digital device, whether fulfilled through a warehouse, distribution center or Costco Travel) increased 22.5% year over year.
Costco is opening a total of 14 locations in October and November across the U.S. and Canada. The openings are part of Costco’s plan to add 30-plus new stores annually during the next decade, with half in the U.S. and the rest internationally.
Costco reports double-digital sales growth in October | Chain Store Age