Costco Reports Net Sales Increase of 17.3 Percent or 5 Billion Dollars
ISSAQUAH, WA - At the end of September, Costco announced its plan to rent three container ships alongside thousands of containers to mitigate supply chain challenges. Although the company did not draw a direct correlation to the strategy in its most recent October Sales Results release, we here at AndNowUKnow are left to ponder whether the plan helped facilitate more sales for the retailer.
In the month of October alone, Costco reported net sales of $16.47 billion for the four weeks ending October 31. This is an increase of 19.2 percent from $13.82 billion last year.
For the nine weeks ending October 31, 2021, Costco reported net sales of $35.97 billion, an increase of 17.3 percent from $30.66 billion last year—a solid $5 billion increase.
For the entirety of the release, click here.
As retailers across the nation continue to address the challenges brought on by global supply chain disruptions, AndNowUKnow will keep an eye out for the strategies employed to chase down the challenges.
In the meantime, stay tuned to us here for the latest.