Costco’s Canadian sales continue to soar with boost in August
The warehouse club’s sales surge even as consumers tighten their purse strings
Costco sales in Canada were up 11.6% in August as the company reported total net sales of US$17.55 billion for the month.
That figure is an increase of 11.4% from US$15.75 billion last year. Comparably, Canadian sales were up 11.7% in July and 14.2% in June.
Sales in the U.S. grew 11% for the period (August 1 to 28) while international climbed 3.4% and e-commerce increased 3.9%.
The company reported net sales of US$222.7 billion for the fiscal year so far, an increase of 15.9% from US$192.1 billion during the similar period last year.
Costco currently operates 107 warehouses in Canada and operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.