#mixed retailing

[bbn24tv]

Costco’s more affluent customers helped prevent the sales slowdown that other major retailers saw in July, analysts say

Costco’s more affluent customers helped prevent the sales slowdown that other major retailers saw in July, analysts say

Costco Wholesale Corp. reported a 4.5% improve in U.S. comparable site visitors and sales progress in July whilst other retailers saw a deceleration, a end result that analysts say was aided by its more affluent buyer base.

Sales rose 8.8% to $149.66 billion for the month, with comparable sales in the U.S. up 13.3%.

“With Costco’s average member skewing from an affluent demographic and the…

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