ISSAQUAH, Wash. - Costco Wholesale here experienced inflated prices and costs associated with fresh meat during its fiscal first quarter, but swallowed the increase rather than pass it on to shoppers, company officials said yesterday. Those increases, accompanied by dropping prices for electronic items, caused an overall margin decrease of 2 basis points, to 10.56% of sales, for the 12-week quarter ending Nov. 26. However, larger shopping baskets and increased shopping frequency boosted ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.