exceptions to the apocalypse costco brick and mortar retail retail warehouse clubs richard galanti quarterly earnings

As retailer after retailer closes up shop, and big box stores like Target and Walmart put increased focus on e-commerce, Costco continues to not only stay open, but to grow, despite having virtually no online retail presence. Why? Because people aren’t yet turning to Amazon to fill up their kitchens, bathrooms, and laundry rooms.

The warehouse retailer announced its latest quarterly earnings today, and in a call with analysts, Chief Financial Officer Richard Galanti shared the news that comparable store sales for the last nine months are up 3%, and sales across the whole company are up 8% compared to the same period last year.

Costco is beating the odds by offering things that. things that are impossible or annoying to order online. Most of what people go to the warehouse club for is food, and the top sellers in food are booze, deli items, and candy. While other physical stores (except Walmart) complain that foot…