DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Costco Sees Substantial E-Commerce Jump In April 2018

By Publications Checkout
Share this article
Costco Sees Substantial E-Commerce Jump In April 2018

US wholesaler Costco has reported an increase of 43.1% in e-commerce trading for the month of April, and a 34.9% increase in same in its 2018 fiscal year to date.

In terms of total sales, Costco reported net sales of $10.81 billion (€9.09 billion) for the retail month of April, an increase of 13.1% compared to the $9.56 billion it reported last year.

Costco said that the calendar shift of Easter positively impacted comparable sales by 1% or 2%.

For the thirty-five weeks of the fiscal year 2018 ended May 6, 2018, the wholesaler reported net sales of $92.24 billion(€77.60 billion), an increase of 12.2% compared to the $82.24 billion (€69.18 billion) last year.

Excluding the impacts of changes in gasoline prices and foreign exchange net sales only grew by 7.3% for the month of April, and 6.8% for the fiscal year.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O'Sullivan. Click subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.