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Saturday, October 8, 2022

The Costco Page -- October 8, 2022

Our older daughter went to Costco yesterday to have tires rotated. While waiting ...

No photo: hot dog and 20-oz drink, still. $1.50.

Rotisserie chicken: still, $4.99.

65" Samsung television: was $1,099; dropped in price to $499. Sophia got one.

The Wall Street Journal: link here --

Shipping and commodities prices have seen steady declines recently, but Costco Wholesale Corp. isn’t yet in a position to pass savings on to customers, the CFO said. 
Pricing at the retailer’s 839 global warehouse stores hasn’t decreased, according to Chief Financial Officer Richard Galanti, despite the lower prices for shipping goods and for things like gasoline and steel. 
Costco in some cases locked in prices it pays to suppliers months ago and inflationary pressures from rising labor costs persist, which means the drops in shipping and commodities prices aren’t necessarily benefiting the company’s balance sheet yet.

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