Costco Wholesale Corporation Reports June Sales Results

Costco Wholesale Corporation reported net sales of $24.48 billion for the retail month of June, the five weeks ended July 7, 2024, an increase of 7.4 percent from $22.78 billion last year. Net sales for the first 44 weeks were $210.55 billion, an increase of 6.9 percent from $196.93 billion last year. The Company also announced that, effective September 1, 2024, it will increase annual membership fees by $5 for U.S. and Canada Gold Star (individual), Business, and Business add-on members. With this increase, all U.S. and Canada Gold Star, Business and Business add-on members will pay an annual fee of $65. Also effective September 1, annual fees for Executive Memberships in the U.S. and Canada will increase from $120 to $130 (Primary membership of $65, plus the Executive upgrade of $65), and the maximum annual 2% Reward associated with the Executive Membership will increase from $1,000 to $1,250. The fee increases will impact around 52 million memberships, a little over half of which are Executive.

The Semipostal Authorization Act, Pub. L. 106–253, grants the U.S. Postal Service discretionary authority to issue and sell semipostal stamps to advance such causes as it considers to be ‘‘in the national public interest and appropriate.’’ The U.S. Postal Service announced today that in November it will issue the first of five semipostal stamps. Under the semipostal discretionary program, the Postal Service will issue five stamps over a 10-year period, with each stamp to be sold for no more than two years. The first stamp issued will be an Alzheimer’s Semipostal Stamp, followed by a Post Traumatic Stress Disorder (PTSD) Semipostal Stamp in 2019. The next three discretionary semipostal stamps have not yet been determined.Click Read More below for more of the story.

Helped by the release of Bob Woodward’s Rage, unit sales of print books jumped 16.4% in the week ended Sept. 19, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan. Rage was the overall top title in the week, selling sold more than 344,000 copies. Another new release, Blackout by Candance Owens, sold more than 70,000 copies, and total sales in the adult nonfiction segment rose 14.7% over the week ended Sept. 21, 2019. YA fiction continued to benefit from the success of Midnight Sun by Stephenie Meyer, which sold more than 32,000 copies, helping to give category sales a 44.3% boost. Last year at this time, The Outsiders by S.E. Hinton was the top YA fiction title, selling more than 7,000 copies, and The Giver by Lois Lowry was second, selling 6,000 copies.