CostCo’s (NASDAQ:COST) December numbers look like a strong sign that retail sales are recovering, at least in the affluent end of the warehould sales business.
CostCo reported net sales of $8.26 billion for the month of December, the five weeks ended January 3, 2010, an increase of 11 percent from $7.41 billion in the same five-week period last year.
During the five weeks, same-store sales were up 9%, with a 5% increase in the US and a 25% improvement in the firm’s international division.
Douglas A. McIntyre
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