Costco Sales Drop Amid "Stay-At-Home" Orders
- 4 years ago
Business Insider is reporting that Costco saw a decline in its monthly sales for the first time in years.
On Wednesday, the company said that sales during April were "negatively impacted" by COVID-19.
"Stay-at-home orders, social distancing restrictions, and some mandatory closures led to decreased traffic and sales."
The warehouse chain had previously experienced a surge in sales throughout February and March.
In February and March customers flocked to stock up on essentials in order to prepare for the looming lockdown.
On Wednesday, the company said that sales during April were "negatively impacted" by COVID-19.
"Stay-at-home orders, social distancing restrictions, and some mandatory closures led to decreased traffic and sales."
The warehouse chain had previously experienced a surge in sales throughout February and March.
In February and March customers flocked to stock up on essentials in order to prepare for the looming lockdown.