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.
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?
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Source: BusinessInsider - 🏆 729. / 51 Read more »