Costco Had a Strong July. E-Commerce Helped Again.
July was another strong month for Costco Wholesale even though foreign exchange and gasoline prices fluctuations caused the retailer’s sales to decelerate slightly from June’s pace. The company reported net sales of $19.3 billion for July, up 7.1% year-over-year. Stripping away impacts from fluctuations in gasoline prices and foreign exchange rates, same-store sales rose by 7.2%, outstripping June’s 6.9% increase.