January 8, 2015
Costco showed again in December why it’s the cream of the crop among warehouse club stores.
The Washington based retailer reported an increase of 8% in same store sales in the United States, excluding gasoline sales and foreign exchange. Same-store sales at international stores rose by 1%.
Net sales for the retailer rose 5% to $12.2 billion in December from $11.53 billion a year earlier.
For the 18 weeks ended January 4, sales at stores open at least a year rose 4%. They climbed 6% in the United States, but were flat overseas. Total revenue for the 18-week period climbed 7 percent to $40.85 billion.
Costco Wholesale Corp., based in Issaquah, Washington, runs 671 warehouses, including 474 in the U.S. and Puerto Rico, 88 in Canada, 34 in Mexico, 26 in the U.K., 20 in Japan, 11 in Korea, 10 in Taiwan, seven in Australia and one in Spain.
Source: Retailing Today
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