According to a news release from the Yakima Health District, 145 Costco employees have tested positive for Covid-19. In contrast, Galanti said Costco’s continued success is contingent on keeping stores and staff safe, so the company will extend its $2 per hour premium on wages for at least another eight weeks. A Covid-19 outbreak has been confirmed at a Costco store in Washington state. Two of Costco’s big rivals, Kroger and, have received sharp criticism for stopping so-called ‘hazard pay’ for their workers. “As people are spending less on travel, air and hotel and dining out, they seem to have redirected some of those dollars to categories like lawn and garden, furniture and mattresses, exercise equipment, bicycles, housewares, cookware, and the like,” Galanti said. Since then, as more people have stayed in, online sales have spiked at. Much of that per trip increase came from big ticket items. As the coronavirus pandemic hit earlier this year, sales at Costco and other stores jumped on a wave of panic buying. There are now associates that remind customers to keep their distance from.
The big sales surge came from a combination of e-commerce sales increasing by 90.6% and more spending per physical trip, as the company said shopper visits had held steady. When the COVID-19 panic first started, Costco was forced to limit admission so that warehouses didn’t get overcrowded. 30, way more than what Wall Street expected. “Of course $281 million is over $100 million, and quite a bit larger,” Costco finance chief Richard Galanti conceded to investors on a conference call.Ĭostco’s revenues rose 12.4% to $53.38 billion in the quarter ended Aug. The warehouse chain’s shares were down 3% on Friday after it reported $281 million in COVID-related expenses, notably on sanitizing its stores and giving its employees bonuses, an amount nearly three times what Costco had told investors to expect in June.
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The Biden administration has made it easy for Americans to get free at-home.
Costco Wholesale has been one of the big retail winners in the COVID crisis, but those gains aren’t coming without some pain. These at-home Covid tests offer fast results and are more convenient than traveling to a point-of-care test center.
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