Costco's January sales increased by 15.5% to over $15.7 billion! E-commerce sales increased by 9% year-on-year!

It is learned that Costco announced sales of US$15.76 billion in January 2022, an increase of 15.5% from US$13.64 billion in January 2021. Among them, Costco's sales in the United States, Canada and other international markets increased by 14.1%, 17.8% and 11.8% year-on-year respectively. The demand for the Chinese New Year also pushed up Costco China's sales in January by 4%.

Prior to this, Costco's sales increased by 16.2%, 15.7% and 19.2% in December, November and October 2021. In the 22 weeks (5 months) ending January 30, Costco's sales increased by 16.4% year-on-year to US$92.1 billion.

Costco has been betting on omni-channels to provide buyers with an online shopping experience that is no different from that of physical stores. Currently, Costco has gradually expanded its e-commerce capabilities in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan and Australia.

It is learned that Costco Logistics has strengthened its e-commerce capabilities and promoted the sales of "large" items, which drove Costco's e-commerce sales in January to increase by 9% year-on-year. Costco's e-commerce sales in December, November and October 2021 increased by 17.8%, 12.2% and 16.5% respectively.

Editor ✎Estella/

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