October a Scary Month for Costco, Others

Costco Wholesale yesterday posted negative comparable-store sales for October — the first time the retailer has ever done so, according to some observers — as retailers overall had their worst single month in decades.

ISSAQUAH, Wash. — Costco Wholesale yesterday posted negative comparable-store sales for October — the first time the retailer has ever done so, according to some observers — as retailers overall had their worst single month in decades. Costco attributed the 1% decline in part to the stronger dollar, which drive international comps down 10%, and to lower prices for fuel at its own gas pumps. It noted that food sales remained strong in the month, however — up 12% — as sales of general me

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