Costco Canada's January sales surge
Both e-commerce and in-store sales rise year over year in the four-week period
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January was a good month for Costco Canada.
Same-store sales for the four weeks ended Jan. 31 increased 15.2%. Comparable sales–excluding the impact of gasoline sales and foreign currency fluctuations-increased 12.2% at stores in Canada.
E-commerce sales for the warehouse club operator were also strong. Costco, which operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia, reported an online sales increase of 106.7%
In all, Costco Wholesale Corporation reported net sales of US$13.64 billion for the retail month of January, an increase of 17.9% from $11.57 billion last year.