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image: Victor J. Blue / Bloomberg / Getty Images

Costco shrugs off Amazon

November 2, 2017

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Despite a low-key e-commerce effort, which nevertheless garnered the company a 31% digital sales rise in the month, and a 20-30 basis point hit due to Halloween’s later shift in the calendar last month that slightly hurt its monthly sales, Costco continues to shrug off competition from Amazon. “The number of retailers still doing this is dwindling rapidly,” noted Retail Metrics President Ken Perkins in a note emailed to Retail Dive.

Because of its focus on brick-and-mortar operations, which foster a treasure-hunt atmosphere that helps to stuff shoppers’ carts with unplanned purchases, many observers remain pessimistic about Costco.

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