You would not think a retailer seen as a super-deep discounter would do well when people who end to shop at discount stores are hurting. Except Costco (COST) does not serve that market. Roughly half of sales are to small business, roughly half of their members are high-end earners and spenders; people living week to week do not shop there.
The company is exceptionally well-managed. It starts employees at $11.50 nationwide. Costco is growing while Wal-Mart (WMT) is not. The boom in electronics sales this Christmas – ChangeWave Research and the Census Bureau data back this up – is driving up sales per square foot at Costco and should lead to a great quarter.