Costco shoppers stocked up on supplies as hurricanes, port strike hit. The trend hurt sales in October.
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Costco experienced a decline in sales in October due to abnormal consumer activity in September, driven by hurricanes and a port strike. This led to a temporary surge in demand as shoppers stocked up on supplies, which negatively impacted sales in the following month.
November 06, 2024 | 10:45 pm
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Costco's sales in October were negatively impacted by a decrease in demand following a surge in September, caused by hurricanes and a port strike. This abnormal consumer activity led to a temporary boost in sales, which then fell in the subsequent month.
The news highlights a direct impact on Costco's sales due to external events causing abnormal consumer behavior. The temporary surge in September led to a decline in October, affecting short-term sales performance.
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