Reported about 21 hours ago
Despite a slight dip in overall revenue for Costco, the company's e-commerce sales surged by 18.9%, showcasing strong growth in this segment. As more members embrace online shopping for a wider array of products, including higher-ticket items, Costco’s logistics capabilities are proving essential. Management is optimistic about the future of e-commerce at Costco, anticipating increased sales as interest rates decline and home improvement spending rises.
Source: YAHOO