The retail giant is selling 1 ounce gold bars online. The company's CFO said they are in hot demand.
Costco is well-known as a place to get bargain prices on any variety of items, from food to luggage to appliances to gold bars., handsomely detailed and ready for purchase.
“I’ve gotten a couple of calls that people have seen online that we’ve been selling 1 ounce gold bars,” he said. “Yes, but when we load them on the site, they’re typically gone within a few hours, and we limit two per member.” At the very least, though, it’s an effective promotion and one that could appeal to a certain sector of Costco’s shopping clientele, said Jonathan Rose, co-founder of Genesis Gold Group.
“They’ve done their market research. I think it’s a very clever way to get their name in the news and have some great publicity,” he said. “There is definitely a crossover of people living off the land, being self-sufficient, believing in your own currency. That’s the appeal to gold as a safe haven as people lose faith in the U.S. dollar.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Costco is selling out of small gold bars ‘within a few hours,’ CFO saysCostco's chief financial officer on Tuesday said the retailer was selling out of one-ounce gold bars within a matter of hours.
Consulte Mais informação »
Costco membership price hike ‘a question of when, not if’: CFOCostco on Tuesday reported that its revenue came in below Wall Street’s expectations, at $77.43 billion, buoyed by membership growth and stronger sales in the grocery category.
Consulte Mais informação »
Costco CFO: Not if but when membership fees will increaseIt has been more than six years since the nation's third-largest retailer increased its membership fees.
Consulte Mais informação »
Gold Bars at Costco Sell Out Within HoursCostco has been selling one-ounce gold bars online that customers are snapping up within hours, Business Insider reports. The gold bars are so popular that Costco is limiting two per member, Costco Chief Financial Officer Richard Galanti said.
Consulte Mais informação »
Must have? Costco sells 1-ounce gold barsWhy doesn't Costco give out free samples of these?
Consulte Mais informação »
This is why Costco shares are down despite fourth-quarter beatCostco’s fourth-quarter results topped Wall Street’s estimates after market close Tuesday
Consulte Mais informação »