Visits increased by 3.9%! Sales increased by 16.7%! Costco's revenue was strong in November!

According to foreign media reports, Costco recently announced that its sales in the first quarter of 2022 (the past 12 weeks ending November 21) reached 49.42 billion US dollars, a year-on-year increase of 16.7%, and its revenue exceeded expectations.

It is reported that Costco's visits have increased every month in 2021 compared with the same period in 2019. Among them, visits increased by 5.1% in September, 12.4% in October, and 3.9% in November.

The report said that the "Costco Next" program has become the main factor driving Costco's revenue growth, which specifically provides members with a variety of high-quality brand products. Under the program, sales of Anker mobile phone chargers, Priority bicycles, Mikasa tableware, Invicta watches, HO Sports pipes and Sumbody skin care products continued to grow.

According to CNN, the "Costco Next" program in 2017 only offered products from a few brands, but now it is expected to have 35 brands. Costco plans to cooperate with more brands in the next year for a large-scale expansion.

It is learned that Costco's success also lies in its high customer loyalty and many repeat customers, which is due to its consistent commitment to providing consumers with high-quality, safe and guaranteed products. Currently, Costco operates a total of 828 warehouses worldwide, most of which are located in Puerto Rico, Canada and Mexico.

Editor ✎ Nicole/

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