Costco will stop selling popular item year-round in January in most US stores: reports

30.11.24 02:58 Uhr

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Book bargain hunters will be disappointed to learn Costco plans to stop selling books at most of its U.S. stores at the beginning of the year. In January, Costco will remove the store’s popular book section from the majority of its 600-plus stores in the United States.And it will only return during the holiday season, from September to December, and at other intermittent times, the discount store chain told publishers over the summer, according to The New York Times. Costco told the executives the change was made because stocking books on tables is labor-intensive and must be done by hand rather than by forklift like other products, the Times reported.HOW TO SCORE A SELECT COSTCO MEMBERSHIP FOR JUST $20The decision comes as more consumers are buying books through online outlets like Amazon. Books will remain in around 100 Costco stores across the country all year, however, trade news magazine Publisher’s Weekly reported this week. The decision to keep some books in stores would be a reversal from the store’s earlier plans, the outlet reported. COSTCO IS SELLING A 175-PIECE LE CREUSET COOKWARE SET THAT HAS A HEFTY PRICE TAGPublishing and Costco executives will also be watching sales trends for Taylor Swift’s official Eras Tour book, which is being sold exclusively at Target starting on Black Friday, Publisher’s Weekly reported. If book sales continue to do well, Costco could bring literary sections back to more stores, according to the magazine, or all of them could become seasonal if sales lag. GET FOX BUSINESS ON THE GO BY CLICKING HEREFOX Business has reached out to Costco for comment. Weiter zum vollständigen Artikel bei FOX Business

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Analysen zu Costco Wholesale Corp.

DatumRatingAnalyst
09.04.2019Costco Wholesale OutperformTelsey Advisory Group
05.09.2018Costco Wholesale OutperformTelsey Advisory Group
07.08.2018Costco Wholesale OutperformTelsey Advisory Group
01.06.2018Costco Wholesale OutperformTelsey Advisory Group
08.03.2018Costco Wholesale OutperformRBC Capital Markets
DatumRatingAnalyst
09.04.2019Costco Wholesale OutperformTelsey Advisory Group
05.09.2018Costco Wholesale OutperformTelsey Advisory Group
07.08.2018Costco Wholesale OutperformTelsey Advisory Group
01.06.2018Costco Wholesale OutperformTelsey Advisory Group
08.03.2018Costco Wholesale OutperformRBC Capital Markets
DatumRatingAnalyst
03.03.2017Costco Wholesale Equal WeightBarclays Capital
31.03.2016Costco Wholesale Equal WeightBarclays Capital
10.12.2015Costco Wholesale Equal WeightBarclays Capital
23.10.2015Costco Wholesale HoldWilliams Capital
30.09.2015Costco Wholesale HoldDeutsche Bank AG
DatumRatingAnalyst
28.09.2006Update Costco Wholesale Corp.: Underweight HSBC Securities

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