Friday, October 18

Tag: Costco

Costco now sells up to $200 million a month in gold and silver
10Apr By adminNo Comments
Money

Costco now sells up to $200 million a month in gold and silver

Shoppers are heading to Costco for more than just budget-friendly hot dogs. The warehouse club has seen a spike in sales ever since it began selling 1-ounce bars of 24-karat gold last September. With the gold bullion selling out faster than the store could replenish its stock, the discount giant in January added silver coins to its offerings of precious metals. According to a recent estimate from Wells Fargo, the members-only retailer now sells $100 million to $200 million worth of gold and silver a month. The burgeoning business comes as the price of gold is reaching new heights.   Sales have climbed partly because of "Costco's aggressive pricing and high level of customer trust," Edward Kelly, a Wells Fargo equity analyst, said in a research note. "Th...
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Costco offers eligible members access to GLP-1 weight-loss drugs
2Apr By adminNo Comments
Money

Costco offers eligible members access to GLP-1 weight-loss drugs

Can Ozempic and Wegovy curb alcohol cravings? Can weight loss drugs like Ozempic and Wegovy treat alcohol addiction? 02:04 Some Costco members may soon have less of a hankering for the retailer's popular $1.50 hot dog and soda meal. The warehouse club and health care marketplace Sesame are now teaming to offer access to a weight-loss program that includes clinically approved access to GLP-1 prescription drugs including Ozempic, Sesame said. As o...
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Costco sells $100 million in gold bars amid inflation fears
16Dec By adminNo Comments
Money

Costco sells $100 million in gold bars amid inflation fears

Costco's gold rush is bringing in big bucks.The membership-based wholesale retailer sold an eye-popping $100 million in one-ounce gold bars last quarter, Costco CFO Richard Galanti said Thursday in an earnings call. Amid persistent inflation, consumers snapped up the gold which sold out within hours.The bars, which are currently out of stock, cost between $1,950 and $1,980 this fall. The spot price for gold was more than $2,000 an ounce as of Monday.  Gold has traditionally performed well during periods of economic turbulence, earning a reputation as an inflation hedge. Spot gold prices reached a record high of more than $2,100 an ounce in early December, as fears of a recession persisted. Costco's gilded gains contributed to strong ea...
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Nearly a third of Gen-Zers steal from self-checkout aisles, survey shows
17Nov By adminNo Comments
Money

Nearly a third of Gen-Zers steal from self-checkout aisles, survey shows

Roughly one in three young shoppers in the U.S. has admitted to giving themselves five-finger discounts at self-checkout counters, a new survey shows.  According to loan marketplace LendingTree, 31% of Gen-Z consumers have stolen items from self-checkout kiosks, compared to 15% of consumers of any age. Those figures come as businesses work to combat shoplifting, which some retailers have blamed for hurting their financial performance and even for store closures. "Ultimately, retailers need to decide whether the self-checkout terminals are worth the risk," LendingTree chief credit analyst Matt Schulz said in a statement. "That's a question lots of retailers are likely wrestling with." LendingTree based its findings on a survey of 2,000 U.S. consumers bet...
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Costco is selling gold bars, and they’re selling out within hours
29Sep By adminNo Comments
Money

Costco is selling gold bars, and they’re selling out within hours

Costco is known for selling daily necessities in big packages, from toilet paper to coffee. But now it's edging into a category also viewed as essential by some investors and survivalists: gold.The discount retailer said this week it has started selling 1-ounce bars of gold, but that demand is so strong it can't keep them in stock even with a limit of two bars per member. The company is selling two types of bars: a 1-ounce gold PAMP Suisse Lady Fortuna Veriscan bar, which bears the imprint of a silhouette of the goddess of fortune with a cornucopia, and a 1-ounce bar from South Africa's Rand Refinery, stamped with an elephant design. Both bars are about half an inch long. The PAMP Suisse bar is registered and comes with a digital certificate that can be accessed with a QR code, while the ...
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