Costco Wholesale logo

COST - Costco Wholesale News Story

$372.2 -6.0  -1.6%

Last Trade - 12/05/21

Consumer Cyclicals
Large Cap
Market Cap £118.35bn
Enterprise Value £117.53bn
Revenue £126.32bn
Position in Universe 66th / 6853

BUZZ-U.S. retailers fall as cold weather chills February sales

Tue 16th March, 2021 5:27pm
** Shares of retailers dip as U.S. retail sales fell more
than expected in February amid bitterly cold weather across the
    ** Retail giants Costco  COST.O  and Target  TGT.N  down ~1%
    ** Department-store operators Macy's Inc  M.N , Nordstrom
 JWN.N  and Kohl's Corp  KSS.N  trading flat to 1.8%
    ** Retail sales dropped by 3.0% last month, the Commerce
Department said
    ** "The deep freeze that hit the South last month was the
primary reason advance retail sales posted a 3.0% decline, which
was much worse than the -0.5% forecast" - Edward Moya, senior
market analyst at OANDA
    ** Retail sales decline also reflected the fading boost from
one-time $600 checks to households, delayed tax refunds
    ** James Knightley, chief international economist at ING
says latest $1,400 stimulus checks, relaxation of COVID
restrictions across states to boost March and April retail sales

 (Reporting by Sanjana Shivdas and Shreyashi Sanyal in
 ((; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 1642; Twitter:
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.