Costco reportedly selling new precious metal: platinum
In September of last year, then-CFO Richard Galanti told analysts and investors that the retailer’s gold bars were “typically gone within a few hours” after getting put on Costco’s website.
Costco logo displayed on a laptop screen and a small shopping cart are seen in this illustration photo taken in Krakow, Poland on February 22, 2024. (Jakub Porzycki/NurPhoto via Getty Images / Getty Images)
The retailer has also credited the gold and silver bullion with helping give its online sales a boost in recent quarters.
COSTCO TOUTS SUCCESS OF CARD SCANNER ROLLOUT; SPEEDS UP CHECKOUT PROCESS
Costco has said its e-commerce “provides a broader selection of merchandise that complements our warehouses.” Generally, it has a roughly 4,000-item in-store selection.
The retailer had 136.8 million Costco cardholders who were members of its network of 891 locations around the world at the end of its fourth quarter.
