Costco members have struck gold at the big box retailer, which sells 24-karat 1-ounce gold bars.
Costco may be known for exclusive pricing on everything from high-end spirits to food court hot dogs, but an influx of members are going for gold.
"This is a currency that has been around for thousands of years. It is one thing that holds its value and increases its value over a duration of time," Hitha Herzog, retail analyst and chief research officer at H Squared Research, told ABC News. "We view the addition of gold/silver as a smart move for Costco, as it only reinforces its value position," the report stated. "That being said, pricing at that level and shipping costs suggests it's a very low-profit business at best."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Costco's Gold Sales Soar as Revenue Reaches $100-200 Million per MonthCostco's gold sales have experienced a rapid acceleration, with revenue now estimated to be running at $100 million to $200 million per month. The surge in sales is attributed to aggressive pricing, high customer trust, and increased online activity, including frequent Reddit posts and quick sell-outs of products. Costco is selling 1-ounce bars of nearly pure 24-karat gold, priced at around 2% above the spot price. The estimated price at Costco is just over $2,400.
Weiterlesen »
Why gold prices are at record highsFrom central banks to Costco customers, it seems everyone is buying gold these days.
Weiterlesen »
Costco is cracking down on its food court. You now need to show your membership card to eat there.Costco wants to make sure its $1.50 hot dog combos are reserved for active members only.
Weiterlesen »
Costco fans excited about chocolate nest cake’s return for Easter: ‘I need this'Costco members in the U.K. are raving about an Easter-themed chocolate cake put out by Costco's Kirkland brand, which appears to have returned to some stores.
Weiterlesen »
Costco begins offering Ozempic prescriptions to some membersSome people go to Costco for its $1.50 hot dogs, others for its $179 Ozempic prescriptions.
Weiterlesen »
A top Costco executive just gave an update on the fate of the $1.50 hot dog and soda comboRichard Galanti and the $1.50 combo have both been with Costco since 1985.
Weiterlesen »