The big-box retailer’s ability to keep stuff in stock, and offer it at low prices, has helped fuel record sales and profits during the pandemic.The latest product ensnared in the snarled global supply chain is cream cheese, apparently, causing a shortage that isand bagel lovers everywhere, desperate to get their hands on the beloved schmear. As for Costco? Don’t fear, it has plenty of the stuff on its shelves.
The big-box retailer’s ability to keep stuff in stock, and offer it at rock-bottom prices, is a big part of what has kept its 113 million members happy during the pandemic, fueling record sales and profits. Like other large chains such as Walmart and Target, Costco has also done its best to mitigate inflation by absorbing higher costs on many items, instead of automatically passing them along to shoppers., powered by data provider HundredX, which measures which brands are most beloved by the customers they serve. Costco earned top marks for its quality products, prices and clean stores. The company declined an interview request for this article.
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Source: Forbes - 🏆 394. / 53 Read more »
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