Costco Shares Pop to a New High Thanks to a Sales Rise

Costco Shares Pop to a New High Thanks to a Sales Rise

In this segment from the MarketFoolery podcast, host Chris Hill and Motley Fool Asset Management's Bill Barker assess Costco's (NASDAQ: COST) monthly sales figures and find them impressive. Net sales were up 13%, and comps were up 10.8%. Even in e-commerce, the company is in serious growth mode. And it's not the only retailer pleasing Wall Street: Gap (NYSE: GPS) and Michaels (NASDAQ: MIK), for example, are bouncing higher. The Fools then consider the reasons why apparel is such a tough retail niche.

A full transcript follows the video.

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Source: Fool.com