Image source: Getty Images Halloween is back in full swing this year. According to the National Retail Federation, 69% of people plan to participate in the holiday in some way. That's up from 65% last year and higher even than the 68% who participated in 2019.
Many consumers have struggled this year with rampant inflation, and have been forced to rack up sky-high credit card tabs to buy groceries and cover basic expenses, like apparel and school supplies. It's at trying times like these that a Costco membership can really come in handy. Costco hasn't exactly been immune to inflation.
Amazon (NASDAQ: AMZN) and Costco Wholesale (NASDAQ: COST) are different companies but share one thing in common: Each has a large base of loyal customers who depend on these companies for essential items every day. Amazon has over 200 million Prime members, but Costco also continued to grow its member count during the pandemic. Year to date, Amazon shares are down 33%, while the S&P 500 index has dropped 24%.