Retail giant Costco Wholesale Corporation’s (COST) global presence and solid market position are helping it remain steady amid shifting consumer behavior and an uncertain economic climate. Despite high inflation, COST's October net sales increased 7.7% year-over-year to $17.73.
Although consumers have been cutting on spending amid inflationary pressures, the National Retail Federation (NRF) today forecast that holiday retail sales during November and December will grow between 6% and 8% over 2021.
