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Industry NewsCostco October sales: Surging ecommerce, comp sales

Costco October sales: Surging ecommerce, comp sales


Costco Wholesale Corporation’s October 2020 sales continued the company’s growth trajectory.

The mass merchandiser reported double digit comp sales across all regions, including an increase of close to 16 per cent for Canada for the nine weeks ending November 1, 2020 and a whopping 90.6 per cent increase in comparable sales for ecommerce corporate-wide.

Corporate wide, it reported net sales of $13.82 billion for the retail month of October for four weeks ending November 1, 2020, an increase of 15.9 per cent from $11.92 billion last year.

Comparable sales for the same four-week period topped market expectations of 10.5 per cent+ climbing 14.4 per cent

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