March 2020 US Same-Store Sales: Costco Sees Food Sales Surge over 30%, but Softlines Down by Double Digits

What's Inside

The impact of the coronavirus continues to be experienced by retailers globally, negatively affecting comps growth but resulting in a surge in online shopping and essential purchases (such as food).

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

• Costco’s same-store sales growth rate was significantly below the consensus estimate, impacted by coronavirus lockdowns.
• Buckle’s total net sales slumped compared to February.

Cato comparable sales data for March was not available at the time of publishing.

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.