News & Press: Power Retail News

Costco Sees Boom in E-Commerce Sales

Sunday, 16 December 2018  
Share |

According to Costco’s latest financial statement, the wholesale grocery retailer that runs online stores in the US, Canada, UK, Mexico, Korea and Taiwan has increased its e-commerce revenue by 32.3 percent. The business’s net sales also rose by 10.3 percent to $34.31 billion, from $31.12 billion for the same period in 2017.

In a conference call discussing the earnings last week, Costco’s CFO, Richard Galanti, said that the business has achieved positive momentum through its digital touchpoints. Read more...