Wholesale retailer Costco (COST) reported a boost in September sales in the lead-up to Hurricane Helene and the port workers' strikes. Catalysts co-hosts Seana Smith and Madison Mills dig into Costco's latest same-store sales figures Weather Trends International Founder and CEO Bill Kirk joined the program earlier in the week to outline how major retailers interpret extreme weather forecasts in relation to their sales and inventory trends. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
Costco reported a 9% year-over-year sales increase, with U.S. comparable sales up 6.5% and e-commerce sales jumping 22.9%, as the retailer capitalizes on strong consumer demand.
The chain signed onto its first residential mixed-use building in Los Angeles, signaling a potential shift in its real estate strategy.