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COST - Costco Wholesale News Story

$372.2 -6.0  -1.6%

Last Trade - 12/05/21

Sector
Consumer Cyclicals
Size
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
country  urn:newsml:reuters.com:*:nL1N2LD1V6
    ** 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
Bengaluru)
 ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 1642; Twitter:
@SanjanaShivdas;))
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