Costco Reveals 2.6B-Dollar Boost in September Sales Results
ISSAQUAH, WA - With a new shipping strategy recently announced to lower costs and increase product availability, Costco is well on track to raising profitability. In its recently released September Sales Results, the retailer revealed a $2.6 billion boost in net sales during the five weeks ending October 3, 2021, from the same period last year.
Overall, Costco saw a 15.8 percent rise in net sales from $16.84 billion last year to $19.5 billion this September, according to a press release.
Comparable sales for the company during the five-week period were:
- U.S. - 14.6 percent
- Canada - 14.9 percent
- Total company - 14.3 percent
- E-commerce - 10.6 percent
Costco currently operates 817 warehouses, including 565 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in Korea, 14 in Taiwan, 13 in Australia, three in Spain, and one each in Iceland, France, and China. The retailer also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
To read the results in their entirety, click here.
How will Costco wield its new strategy to further bolster is net sales and other aspects of its operations? Stick with AndNowUKnow for the answers.
