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Industry NewsCostco May e-commerce sales surge 106%

Costco May e-commerce sales surge 106%

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Costco Wholesale Corp. e-commerce sales surged in May 106 per cent while comparable sales in Canada rose 4.9 per cent and 9.2 per cent in the U.S.

Across the company, same-store sales increased 5.4 per cent. Last month, Costco reported that April sales had fallen 1.8% as skyrocketing e-commerce sales — a rise of nearly 86 per cent in April — didn’t make up for a drop in foot traffic at its stores due to stay-at-home orders, social distancing restrictions and closures related to the coronavirus pandemic.

Costco also reported fiscal third quarter results last month that saw pandemic costss cut into earnings.

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