Costco's November online sales hit by timing of holiday deals
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Costco's November sales growth slowed due to lower gas prices and a shift in the timing of online holiday deals, impacting e-commerce sales.

December 04, 2024 | 10:15 pm
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Costco's November sales growth was slower than the previous month, influenced by lower gas prices and a shift in the timing of online holiday deals, which impacted e-commerce sales.
The report indicates a slowdown in sales growth for November compared to the previous month. This is attributed to lower gas prices, which can reduce consumer spending, and a shift in the timing of online holiday deals, negatively impacting e-commerce sales. These factors suggest a potential short-term negative impact on Costco's stock price.
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