Costco news

We review Costco’s performance as it reaches the halfway point of its financial year. Canada leads Costco’s sales growth Costco’s second quarter sales increased by 2.6% to $27.6bn, with comparable store sales up 5%, excluding currency and fuel impacts. The retailer saw the strongest performance in Canada, where comp store sales increased by 10%. Other international markets delivered a sol...

Costco in Australia has recorded sales of over AU$1bn for the first time. Sales jump by over 50% The members club cash and carry business in Australia has seen sales jump 50.7% in FY 2015 to AU$1.32bn. Sales were assisted by the growth in both new and existing outlets, with categories such as fresh food in particular, understood to be performing really well. The retailer also saw prof...

Leading global warehouse club operator Costco has announced sales performance for the first quarter of its 2015/16 year, revealing comparable sales down 1% at group level.  However, it achieved a more solid +2% in its core market in the US, where the relative strength of the dollar had no impact. Adjusted performance of +6% Excluding the negative impacts, especially of deflation in fuel sal...

Costco has launched its first ecommerce platform in Asia in South Korea, its first company run venture into online retailing in the region. Soft launch with just 170 SKU's available The move into online retailing means that Costco will be able to significantly increase the number of customers it sells to in South Korea, having only currently got 12 stores trading in the country. ...

We report on the final day of the Asia Pacific Retail Conference and Exhibition (APRCE) in Manila. With a strong focus on future trends, the final day of the event saw a range of speakers outline how they plan to capitalise on growth in the region. Key themes which emerged included the need to invest in creativity to drive in-store conversion, embrace technology, including mobile as part of...

As Costco delivers another year of strong sales and profit growth, we highlight six key takeaways from its results. Headline growth held back by fuel and currency impacts Costco’s full year sales came in at $113.7bn, an increase of 3.1%. These were held back by lower fuel prices in the US, and weaker foreign currencies versus the US dollar. Comparable store sales, strippi...

Costco Mexico has reported a 97% growth in online sales for its fiscal year running from September 2014 to August 2015. Expects similarly strong growth next year Iñigo Astier, director of e-commerce for Mexico, said the wholesaler expects online sales to increase by 60-67% next year. In the two years since its launch, the online channel has enabled Costco to extend its reach into the 13 ...

As Costco reveals annual sales of $113.7bn, and comp sales growth of 7%, we consider whether it can sustain this level of performance for a further 12 months. Foundations in place for growth to continue Delivering comp sales growth of 7% globally - and 6% in the US - places Costco among the leading pack of global retailers. While many of its peer group are facing challenges in their domest...

Leading global warehouse club operator Costco has an enviable record of growth, and the current year is proving no exception.  With the end of its fiscal year approaching in August the business is on target to hit a comparable store sales performance of +3%.  But how does this ambitious business aim to sustain the growth that is the hallmark of its success? Here's five platforms we think are key:...

Reports filed with Companies House for the financial year 2013/14 show that Costco's UK operation grew sales by 8.0% to 31 August, with turnover through its 26 warehouses reaching £1,778m in the period. Meantime sales within the Costco UK Online division, launched only in October 2012, surpassed £29m. New depots contributing two thirds of growth Within the 8.0% growth, three new depots open...