Sabrina Escobar

The shares have fallen about 32% in the past year, dragged down by several quarters of declining sales and market share losses.

Adobe data showed that online sales rose 8.7% over 2023, despite fears of a consumer pullback, while in-store sales struggled. One reason: big discounts.

The retailer now sees net sales increasing between 7% and 8% from last year after a record holiday season.

The company provided investors with an update ahead of its fireside chat at the ICR Conference, scheduled for Tuesday morning. It will report full results for the quarter in early March.

The retailer now sees net sales increasing between 7% and 8% from last year after a record holiday season.

Close to 20,000 Costco Wholesale employees are poised to go on strike at the end of the month. The contract between the company and the union representing the workers, Costco Teamsters, expires Jan. 31. If an agreement isn’t reached by then, more than 18,000 union members across six states are prepared to go on strike, Costco Teamsters said.