Costco Reports Increased Sales in May

June 2, 2010  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on June 3, 2010 Costco Wholesale (NASDAQ: COST) reported net sales of $6.09 billion for the month May, an increase of 11 percent from $5.47 billion in the same four-week period last year.

In the U.S., the year's four-week period for May included 28 days of sales compared to 27 during the same month last year; the Memorial Day holiday fell in the reporting month of May last year, but not this year. The holiday shift positively impacted this year's May total and comparable sales by about 2 percent, or 3 percent in the U.S.

For the 39 weeks ended May 30, the company reported net sales of $57.17 billion, an increase of 10 percent from $52.15 billion during the same period last year.

Costco operates 568 warehouses, including 414 in the United States and Puerto Rico, 78 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico. The company also operates Costco Online, its electronic commerce Web site.  Costco plans to open five warehouses prior to the end of its fiscal year on Aug. 29.