Costco's Online Sales Sluggish, Seek Boost: Chart of the Day
Costco stock is up eight percent over the last 12 months, and that tops competitors like Wal-Mart Stores and Target.
So far this year, 2014 hasn't been doing any favors to the big box retailers: Costco stock is up eight percent over the last 12 months, and that tops competitors like Wal-Mart Stores and Target. Worse, perhaps, the company has a year's worth of misses in its earnings reports and can only point to online sales representing two percent of its revenue -- compare that to the Walton family's $10 billion in annual online sales. Today's Chart of the Day could look to back-to-school sales and holiday shopping to help it close out 2014, but, otherwise, Costco may need a little online M&A of its own.
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