Costco's sales in June exceeded 22.7 billion US dollars! E-commerce sales increased by 7% year-on-year!

It is learned that June ended up being a lucrative month for Costco. Overall, Costco's sales were $22.78 billion, an increase of nearly $3.9 billion, or 20.4%, from last year's $18.92 billion. Sales in the U.S. market increased by 21.5% year-on-year, sales in the Canadian market increased by 14.2% year-on-year, and sales in the international market increased by 4.7% year-on-year. E-commerce sales increased by 7% year-on-year. Driven by Independence Day on July 4, Costco's sales in June increased by 2%.

Costco to buy remaining stake in Taiwan joint venture for $1.05 billion

It is learned that recently Costco Wholesale Corp. also purchased the remaining 45% stake in Costco Taiwan that it did not hold in its joint venture in Taiwan, China for US$1.05 billion. Costco said in a statement that the completion of the acquisition of Costco Taiwan makes it the only wholly-owned foreign retailer in Taiwan, China.

The joint venture was jointly established by Costco and a local partner group, and opened Taiwan's first membership store in Kaohsiung in 1997. Meanwhile, Costco said there will be no changes to Costco-Taiwan's business. Costco said the transaction is expected to increase the company's earnings per share by 1% to 1.5%. The membership retailer currently operates 833 stores worldwide, 14 of which are in Taiwan.

Editor ✎Estella/

Disclaimer: This article is copyrighted and may not be reproduced without permission.