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Costco Is a Bright Spot Amid Mostly Disappointing Holiday Results

Costco
Photo Credit: Mike Mozart via Flickr cc

Costco recently reported a 9% increase in same-store sales for the 2019 holiday season. The announcement comes in the wake of disappointing reports from other retailers, including Macy’s, Kohl’s, and even Target. Analysts are going so far as to call Costco “Amazon-proof,” pointing to its business model and customer experience as the main contributors to its success.

Despite technical glitches over Thanksgiving, which experts estimated to have cost Costco as much as $11 million in online sales, the warehouse chain reported a 9% increase in same-store sales…

Read the full story at Business Insider.