By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Issaquah, Wash. — Costco reported negative comp sales for consumer electronics in August.
The results mirror reports by national and independent retailers of tepid CE sales this summer, and a sluggish back-to-school season.
In contrast, the No. 1 warehouse club said net sales rose 7 percent in August, to nearly $8 billion, while U.S. comp sales increased 5 percent excluding gasoline.
Costco currently operates 634 warehouses worldwide, including 451 in the U.S.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.