Toys “R” Us is gone and there’s a market void to be filled. Bring on the Amazon.com toy catalog. Bloomberg reports that the e-tailing giant is looking to make a big move for the Christmas selling season with the publication of a catalog that will be mailed to millions of homes across the U.S. and distributed by hand at the company’s Whole Foods stores. The Toys “R” Us “Big Book” once heralded the coming Christmas holiday season when it arrived every year in October. Rivals Target and Walmart also produce catalogs that many children like to hold onto to make their Christmas wish lists. With Toys “R” Us being history, plenty of retailers are looking to grab a share of the toy giant’s sales revenue, which totaled $6.5 billion in U.S. last year. Party City announced last week that it planned to open 50 Toy City temporary stores in early September alongside its Halloween City pop-ups located across the country. Party City is also expanding its selection of toys online.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $12.77 billion for the retail month of November, the four weeks ended December 2, 2018, an increase of 9.8 percent from $11.63 billion last year.
For the twelve-week first quarter ended November 25, 2018, the Company reported net sales of $34.31 billion, an increase of 10.3 percent from $31.12 billion during the similar period last year.
For the thirteen weeks ended December 2, 2018, the Company reported net sales of $37.57 billion, an increase of 10.2 percent from $34.09 billion during the similar period last year.