Budget-Minded Shoppers Boost Costco Wholesale

October 7, 2008  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on October 2008 Consumers seeking bargains boosted Costco Wholesale’s fourth-quarter sales by 13 percent, and profits rose 7 percent, the Issaquah, Wash.-based retailer announced Tuesday.

Costco operates 544 warehouse stores nationwide, including two Costco Home stores that are focused on furniture.

Net sales totaled $22.63 billion during the 16-week period that ended Aug. 31, and same-store sales rose 9 percent over last year. For the year, Costco’s sales increased 13 percent to $70.98 billion as same-store sales increased 8 percent.