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.