February 2020 US Same-Store Sales: Costco Comp Growth Increases on the Back of Coronavirus Buying

What's Inside

Coronavirus has landed in the US in a big way, not necessarily the number of cases but in terms of public perception, which is driving some dramatic changes in consumer behavior: Costco management said that coronavirus-related buying added three points to February same-store sales.

Our monthly US Same-Store Sales Report reviews comparable sales metrics reported by Costco, Buckle and Cato. This report looks at February same-store sales for these three retailers:

• Costco’s same-store sales growth rate doubled in February over January, and online sales surged.
• Buckle, which carries a very different product line, did not grow as strongly.
• Cato’s same-store sales contracted.

Coresight Research’s monthly reports keep you up to date on US and UK retail sales, US retail traffic and in-store metrics, selected US retailers’ same-store sales and key global consumer indicators. Click here to view our full collection of Monthly Reports.