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Costco December comp sales up 3% with strong performance from pharmacy division
Costco Wholesale Corporation on Wednesday reported net sales of $12.5 billion for the month of December, which includes the five weeks ended Jan. 3, 2016, an increase of 3%.
For the 18 weeks ended Jan. 3, 2016, the company reported net sales of $41.7 billion, an increase of 2%.
Comparable sales across Costco's U.S. network were up 3% across both time frames.
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Mobile commerce paradigm shifts
Consumers are changing the way they browse and shop for goods using mobile devices.
According to the State of Retailing Online 2016 study from Forrester Research, Shop.org and Bizrate Insights, growing use of smartphones by consumers, a shift in investments by technology companies and continued optimization strategies from retailers has landed smartphones on top as a driver of mobile sales and traffic for retail companies.
