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Costco is thriving during the coronavirus pandemic: It just posted a $14 billion jump in annual sales

29 days ago   |   By Business Insider

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Costco appears to have avoided the COVID-19 woes hurting other retailers: Its sales jumped by nearly $14 billion, or nearly 10%, in the year to August compared to the previous year, it said on Thursday.
The membership-only warehouse chain, which has nearly 800 branches worldwide, recorded a revenue of nearly $167 billion in the year to August 30.
This was mainly driven by a rise in sales, but Costco also earned slightly more in membership fees too, it said in its annual earnings .
And online sales for the year were up 50%. They peaked in May, when Costco made more...
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