Costco Shoppers Are Continuing To Cut Back on Big-Ticket Items, Even as Inflation Falls, as Americans Put Off Buying Jewelry, Laptops, and Furniture
Retail Wire
SEPTEMBER 27, 2023
This decline is attributed to reduced sales of big-ticket non-food discretionary products like home furnishings, jewelry, and hardware, according to CFO Richard Galanti. Costco shoppers are showing restraint in purchasing high-value items despite a drop in inflation, with the average transaction value down by 4.5%
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