It was a Merry Christmas for Costco where U.S. same store sales for the five week period ended Jan. 3 increased 11% and e-commerce sales rose 61.6%.
The company said same store sales in its food and sundries category increased by low double digits while fresh food sales increased by high teens. The strongest regions for sales were the Southeast, Texas and the Northeast.
Despite an enviable comp increase and digital growth, the sales results reflect a deceleration from the beginning of the company’s fiscal year on Aug. 31, 2020. In September, October and November, U.S. comps excluding fuel increased 16.7%, 16.4% and 14.2%, respectively. E-commerce sales for the same three months increased 90.1%, 91% and 70.9%.Retail Leader