Costco Wholesale Corp.’s overall sales rose 7.7% in December even as its e-commerce comps declined as customers opted to shop more in-store.
The membership warehouse club retailer reported net sales of $23.80 billion for December (the five weeks to Jan.1), up from $22.24 billion in the year-ago period.
Total company comparable sales in December rose 5.5% from a year ago, rising 6.2% in the United States and 4.7% in Canada. Other international comps rose 2.5%. E-commerce comps declined 6.4%.
Source: Chain Store Age
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