Costco sales continue to skyrocket in the pandemic at a time when most rivals are seeing fewer instore shoppers
- Costco's instore sales are growing as foot traffic is down overall among retailers.
- The company is seeing increased revenues during the pandemic.
- Consumers are trending towards fewer trips, but spending more during each trip.
In October, traffic in US stores was up 6%, the second consecutive month of traffic growth for the
Some retailers are also seeing foot traffic pick back up, like Aldi, Kroger, and Walmart, while Whole Foods' bounce back is comparatively slower. Customers across the board are always changing how they shop, consolidating visits and buying bigger hauls when they do go out. This represents a "remarkable shift in the way consumers are shopping," according to Neil Saunders, managing director of GlobalData retail.
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