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CE Boosts Costco’s Nov. Comps

Issaquah, Wash. — Costco said strength in its CE business contributed to higher comp sales in November.

Net sales for the No. 1 wholesale club rose 7 percent to $9.4 billion last month, while U.S. comps excluding revenue from gasoline rose 9 percent.

On a recorded call, finance director David Sherwood said CE was among the retailer’s “better-performing departments,” which helped drive a high single-digit gain in same-store hardlines sales.