This Is Why 2021 Will Be Another Great Year for Costco
Shopping at Costco (NASDAQ: COST) is a popular American activity, and customers kept up their bulk shopping outings throughout the pandemic. Costco had high sales increases, powered by in-store shopping and also strong digital growth.
2020 was a great year for the bulk-buy king, but 2021 will be also, even as people begin to spend on non-essentials. Here's why, and why it will continue to be good for investors.
Costco stepped up to the plate as customers hoarded toilet paper and other essentials throughout lockdowns. But even after most lockdowns had been lifted in the 2021 first quarter, ended Nov. 22, sales grew 17%, and e-commerce increased 86%.
Source Fool.com
