Costco's holiday sales growth at the end of this year is strong.
Membership warehouse retailer Costco (COST.US) expects consumers to shop early, purchasing more non-food items as inflation cools down, anticipating good news in sales season by the end of this year. Costco's Chief Financial Officer Gary Millerchip said sales have been strong leading up to Halloween, expecting consumer electronics to be discounted during the holidays, with consumers upgrading their computers and televisions, leading to an expected improvement in sales. Costco is offering holiday products in advance to avoid any disruptions in the supply chain. He mentioned that consumers will purchase goods if the price is right.
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