Costco delivered another solid year of sales for fiscal ‘23, despite the ongoing affect of weakened sales in high-ticket discretionary items. Here we explore its performance in more detail and give insight into its 2024 expansion plans and steady digital transition. Fourth quarter and full year key numbers Q4 total revenue up 9.4% to $77.4 bn, with full year revenue up 6.7% to $237.7 bn ...

The CEOs of five of Canada’s leading grocery retailers, Loblaw, Sobeys, Metro, Walmart and Costco have met with the country’s government as it focuses on solutions to bring down food prices. Prime Minister invitation The CEOs were invited to the meeting last week by the Prime Minister. It was led by Finance Minister, Chrystia Freeland, and Industry Minister, François-Philippe Champagne. Foo...

Local press reports have identified that Costco will open its next new depot at Gloucester, at a site near junction 11a of the M5 motorway on the outskirts of the city. However, the development of the location is still at a planning stage and no opening date has been cited. Offering a catchment including Cheltenham and nearby dormitory villages and towns in the Cotswolds the site will offer ac...