Costco bucks trend: Surge in foot traffic despite tough economy

Fox Business

Numerous retail executives have continually reiterated how tough economic conditions continue to strain consumer budgets, leading to dampened discretionary spending and prompting companies to cut prices just to drive in-store and online traffic.

Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business its traffic stays “so consistent because of the membership model, which yields predictable behavior from members.” Feldman further noted that “people tend to increase their shopping at Costco as their membership ages.” On top of that, “new clubs generate new members, and the pattern repeats,” he added.

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