In line with perceptions that consumers are less prone to buying bigger-ticket items in today’s economy, Costco’s March sales report showed resilience in food and downturns in nonfoods.
H-E-B, Costco and Amazon are the three retailers with customer value propositions best built for long-term success, according to Dunnhumby’s 6th annual Retailer Preference Index for U.S. Grocery.
The membership warehouse club has revealed that its net sales climbed 15.3% to top $70.8 billion and shoppers rang up $222.7 billion in net sales, a 15.9% increase from fiscal 2021.
The retailer reported that its fourth-quarter net sales rose 17.5% to $61.44 billion, just topping estimates of $61.41 billion, compared to $53.38 billion last year.