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Costco blames sales drop on lower gas prices | Retailing Today

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in May
MAY 28, 2015 | BY GINA ACOSTA

Costco Wholesale Corp. reported its first quarterly decline in same store sales since 2009, although profit at the club store did rise.

Same store sales declined 1% in the third quarter ended May 10, including fuel and foreign currency impacts. This was below the 0.7% growth expected by analysts.

http://www.retailingtoday.com/article/costco-blames-sales-drop-lower-gas-prices
 

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