Costco stores in China are experiencing high foot traffic and strong sales, contrasting with slower retail sales growth in the country, as foreign brands continue to expand and target the premium market. However, economic uncertainty and a decline in ad spending raise concerns about China's future growth.
Costco's same-store sales increased due to strong performances outside of the US, with the US market being the weakest.
Costco is selling a modern shed that can be used for various purposes, such as a recreational space or yoga studio, with other retailers offering similar functional living spaces.
Costco offers several deals and perks that can easily cover the cost of membership, such as booking cruises, purchasing large appliances, saving on home insurance, buying discounted vacuum cleaners, and enjoying inexpensive hot dogs and soda.
Wholesale retail giant Costco is expected to win over consumers with its cheap gas prices as it reports quarterly results, with same-store sales growth expected to rise and e-commerce sales predicted to increase by 5%.
Costco reported quarterly earnings that surpassed expectations, with increased grocery sales but decreased sales of big-ticket items, as shoppers made more trips but spent less during the pandemic. Sales rose 5.2% worldwide and 5% in the U.S., while Costco's net income for the fiscal fourth quarter rose to $2.2 billion.
Costco is selling one-ounce gold bars online, priced at just under $2,000, but they are only available to Costco members and have been in high demand, requiring purchase limits.
Costco is considering raising its annual membership fees, which could impact the 130 million shoppers at its 591 stores across the country.
Costco memberships will see a price hike, according to the company's chief financial officer, but no specific date has been announced yet.
Costco is now selling a two-piece bakeware set from Over and Back that is stylish, affordable, and perfect for baking large-batch recipes, priced at just $18.99 each.