Companies / Roundup: Costco’s ecommerce sales rise 22%
Costco’s online businesses—which include e-commerce, business delivery, and travel—operate websites in all countries except Japan, Australia, and Spain. These provide Costco members with additional products and services typically not found in its warehouses. Net sales for Costco’s online businesses were approximately 4% of its net sales in fiscal 2016 and 3% in 2015 and 2014, respectively. That amounts to roughly $4.64 billion in online sales in 2016, up 36.1% from $3.41 billion in 2015. During a quarterly earnings call in June 2016, Costco chief financial officer Richard Galanti said the merchant had no plans to offer buy online, pick up in store—unlike many of its retail chain competitors.
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Our Costco Wholesale Coverage
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