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November 2019 US Same-Store Sales: Costco Comp Growth Slows

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Coresight Research

What's Inside

Costco, Cato and Buckle all reported slowing or negative growth in same-store sales in November, with all showing slowdowns in online sales.

  • Much of the slowdown can be attributed to the late Thanksgiving, which delayed the start of holiday shopping
  • Cyber Monday ended up in December this year, which also hurt November online sales
  • Cannabalization from new stores also hurt Costco same-store sales
  • Cato’s CEO indicated the company remains cautiously optimistic about total holiday sales, and Coresight Research believes total holiday sales this year will end up strong.
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