![]() This was primarily as a result of lower gasoline sales and partial closings. Sales were soft in luggage, jewelry and apparel but improved versus April. Softlines were positive, low single digits. “Hardlines were positive, low 20s, and better-performing departments included major appliances, which includes consumer electronics, sporting goods and hardware. Better-performing departments included meat and produce,” Sherwood said in the call. High-teens departments with the strongest results were frozen food, liquor and foods. ![]() Generally, consumables categories experienced robust growth, though hardline also turned in a strong performance, he explained. ![]() In the U.S., southeastern Texas and the Northeast were the regions seeing the strongest comp-sales results during May, according to Sherwood. The average transaction, however, grew 14.4% overall, reflecting negative impacts from foreign exchange and fuel price deflation. And, of course, travel was significantly down year over year.”Ĭostco’s customer traffic in May declined 4.8% year over year in the United States and 7.9% worldwide. Food court service continues to be limited to carryout only. But even after opening, sales volumes are still being negatively impacted by COVID-19. We finished with approximately 90% back in operation by month-end. “We started May with most of our optical hearing aid and photo departments closed but added back service progressively over the month. Nonfoods rebounded in May compared to recent months, and the strength in foods and sundries and fresh continued,” David Sherwood, assistant vice president of finance and investor relations at Costco, said in a conference call late Wednesday. “The COVID-19 pandemic impacted our sales and comp traffic in our warehouses for the month of May. Related: Costco adjusts to shifting purchase behaviors as Q3 sales rise International comp sales advanced 12% and were up 17.9% backing out fuel and foreign exchange.Ĭompanywide, e-commerce sales soared 106.2% on a comparable basis. comps grew 5.5% (9.2% excluding fuel and forex), while Canada had a 0.9% decrease (+4.9% excluding fuel and forex). Overall comparable sales rose 5.4% year over year in May and were up 9.7% excluding the impact of changes in fuel prices and foreign exchange rates, the Issaquah, Wash.-based retailer reported. Related: Whole Foods, Costco, Trader Joe’s lead in retailer COVID-19 safety He likes to hike, bike and spend time with his family.Costco Wholesale posted strong sales gains in May as the warehouse club saw ongoing growth in purchases of food, groceries and essentials and began reopening some services closed due to the coronavirus pandemic.įor the four weeks ended May 31, net sales totaled $12.55 billion, up 7.5% from $11.67 billion a year earlier, Costco said yesterday after the market close. He attended California State University, Fullerton, where he graduated in 1994 with a Bachelor of Arts in Photo Communication. Gritchen served as the Director of Region 10 of the National Press Photographer Association from 1999 to 2005. ![]() He has won numerous state and national awards, including an international NPPA Best of Photojournalism award. In 2016 he traveled to China to document the opening of Disney’s newest theme park in Shanghai. In 2008 he traveled to Southeast Asia to document a rural Cambodian girl as she traveled to the U.S. In 2005 he covered the destruction of the Gulf Coast after Hurricane Katrina. Gritchen has covered everything from the large Cambodian community in Long Beach to a few NBA Championships and a World Series. In 1994 he started working for the company that would eventually become the Southern California News Group - first at The Orange County Register, then the Long Beach Press-Telegram, then back to Orange County. Jeff Gritchen started his career working for the American Red Cross as a disaster relief photographer 1989. ![]()
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