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SHOP AROUND


COSTCO CFO WARNS HOLIDAY SHOPPERS LOOKING FOR DEALS THAT STORE DOESN’T HAVE TO
‘MARK THEM DOWN DRAMATICALLY’

There's another way to save at the discount warehouse
 * Maya Lanzone, Freelance Consumer Reporter

 * Published: 12:04 ET, Dec 5 2023
 * Updated: 12:47 ET, Dec 5 2023

 * Click to share on X/Twitter (Opens in new window)
 * Click to share on Facebook (Opens in new window)

CHRISTMAS is quickly approaching, and shoppers are on the hunt for the best gift
prices.

As parents rush to buy Christmas gifts for their kids, they are in search for
the best deals, especially on toys.


1
Costco's CFO announced that for items like toys, it doesn't need to offer major
discounts because they're 'not unique just to Christmas'Credit: Getty


COSTCO CHEAPS OUT

Holiday shopping can be expensive, so it's important to save money where you
can.

In its fourth quarter earnings call, the chief financial officer of Costco
discussed the price of certain items that will affect holiday shoppers.

For those looking for deals on items like toys, Costco may not be the best
option.

During the earnings call the CFO of Costco, Richard Galanti, was asked if it is
approaching the holidays any differently this year.




READ MORE ON COSTCO

DECIDE!


WALMART NEEDS TO 'MAKE UP ITS MIND' OVER SELF-CHECKOUT AFTER FOLLOWING RIVALS

SIGN OF THE TIMES


BRAND NEW COSTCO STOREFRONT UNVEILED AS TRIBUTE TO AMERICAN INSTITUTION

In response, he said: "And in terms of how we're approaching it, we're
approaching it aggressively in terms of, you know, having stuff to sell to the
member."

"But we want to be out, too. Typically, this is nothing different here."

He continues: "You know, even on things like toys, we'll bring in a few things,
you know, in the last couple of weeks before Christmas that if they don't sell
through, we're not at risk of having to mark them down dramatically because
they're not unique just to Christmas."


MAKE THE MOST OF YOUR MEMBERSHIP

A membership at Costco can already save you a lot of money on purchases, but
there are a few secrets for saving a little extra.




MOST READ IN MONEY


SEAL IT UP


RAID THE WALMART HARDWARE AISLE FOR $3 ITEM THAT KEEPS HOUSE WARM FOR WINTER

CLUB CLOSED


SAM'S CLUB CONFIRMS IT'S CLOSING DOWN ALL 600 LOCATIONS ON CHRISTMAS DAY

ARE YOU A WINNER?


WARNING FOR UNCLAIMED $1M MEGA MILLIONS TICKET, SOLD AT GROCERY STORE

OFF THE MARK


'I'LL LEAVE' WITH NOTHING AS TARGET SHOPPERS BAFFLED AT SELF-CHECKOUT PROCESS

The first key is to look at the price tag, as the numbers after the decimal can
be very telling.

For example, price tags that end in .99 signal regular price.

The deals are on price tags that end with .97 or unusual numbers like .39, .49,
or .79.

The .97 means the item is on clearance or on sale.

These numbers signal special deals from the manufacturer.

Additionally, a price tag ending in zero, such as $10.00, indicates a manager
markdown, and that they hope to sell the items quickly.

A second key for saving money at Costco is to shop in-person.

While online shopping may grant you access to a greater variety of items, items
purchases in-store at Costco are almost always cheaper.



For example, a pair of pants listed online for $29.99 may cost $27.99 in-person.

While the price difference isn't major, it can add up.

A third key to save money is to shop the back of the store first, as the front
typically has discounted items.

This may sound like a good thing, but Costco knows that shoppers have an empty
cart and haven't yet made purchases, so shoppers are likely to make impulse
decisions in this section.


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THINK BIG


I RULE TINY US NATION WHERE ONIONS ARE BANNED & YOU'RE JAILED FOR HAVING
SPINACH

Read about Walmart's unique approach to holiday shopping that is the first of
its kind.



Also, read on why Kroger shoppers are demanding grocery credit and blasting the
chain’s supposed lack of customer care.



Topics
 * Costco
 * Money US

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SEAL IT UP


RAID THE WALMART HARDWARE AISLE FOR $3 ITEM THAT KEEPS HOUSE WARM FOR WINTER


CLUB CLOSED


SAM'S CLUB CONFIRMS IT'S CLOSING DOWN ALL 600 LOCATIONS ON CHRISTMAS DAY


ARE YOU A WINNER?


WARNING FOR UNCLAIMED $1M MEGA MILLIONS TICKET, SOLD AT GROCERY STORE


OFF THE MARK


'I'LL LEAVE' WITH NOTHING AS TARGET SHOPPERS BAFFLED AT SELF-CHECKOUT PROCESS





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