Costco’s same-store sales results for the month of March showed growth in some categories, including home and apparel.
Costco Wholesale Corp.’s same-store sales results for the month of March showed growth in some expected categories, like food, and some categories that might be a little unexpected, like home furnishings and clothing.
Read: From eyelash extensions to a ride on a slide - department store rethink what it means to have it all “Our buy rating on Costco shares anticipates mid-single-digit comps store sales growth to continue for at least the next several quarters, given favorable comparisons and Costco’s sustained focus on improving its value proposition, including changes to promotional activity and reinvestment funded by the transition to the Citi Visa credit card in 2016,” analyst wrote.Analysts there are keeping an eye on the impact that price cuts at Amazon.com Inc.’s AMZN, -0.
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