Costco Wholesale Corporation is trading as Costco.This is an American multinational corporation. Costco operates a chain of warehouse clubs, which are, in fact, membership-only.
As of 2015, Costco was ranked the world’s 2ndlargest retailerafter Walmart. As of 2016, Costco was the largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine across the world.
The 3rdquarter of fiscal 2018 brought a tremendous success for Costco Wholesale Corp. Costco’s eCommerce sales grew just incredibly. This resulted in strong growth in net sales, which accounted for $32.28 billion, up 10.8% year-over-year (YoY).
The calendar shift of Thanksgiving and Black Friday into the 1stquarter significantlyaffected Costco’s eCommerce business. Total online sales rose 28.5% in the quarter. The eCommerce business grew by 35% for the overall 24-week period.
For Q3, the eCommerce sales increased 36.8% across all operations. This refers to sites both in the …