Costco sales drop as panic shopping during the pandemic wears off - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Costco sees sales drop as panic shopping wears off and stay-at-home restrictions keep shoppers out of stores

These new restrictions, along with the ongoing lockdown in parts of the US, are now starting to weigh on its business.

"Limited service in Travel and our Food Courts; closures of most of our Optical, Hearing Aid and Photo departments, and lower volume and price deflation in our gasoline business negatively impacted our April sales by an estimated 12 percentage points, of which approximately 70% related to gasoline," it added.

Same-store sales overall were down 0.5% excluding currency and gas price fluctuations. Including these numbers, same-store sales were down by 4.7%, it said. However, O'Shea pointed out that the company had seen a nearly 88% rise in its ecommerce sales during April. This "should serve Costco well once a return to normalcy occurs as its members become more comfortable with this channel," he said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Thats what happens when you keep the big guys open and close the little guys. Karma everytime!!

They are stomping on my Civil Rights as those with lung conditions can’t wear masks as then we are breathing in too much Co2. There is a law against this under the ADA

My experience: Costco has set the gold standard in customer service, staying open, and keeping people safe. 🥇

Everyone at BJs are wearing masks? So what.

Interesting... Not because they're forcing masks at all right?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Cardholders' credit limits are shrinking during the pandemic - Business InsiderIssuers are walking a tightrope between managing the risk of missed payments and alienating cardholders who need credit cards more than ever during the pandemic
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »