Costco customers are bypassing the beef aisle to shop for chicken and pork as a recession looms
Costco shoppers are reining back on pricier products, and it's a good indicator that they're prepping for a recession.
CFO Richard Galanti said that some of its customers are ditching pricier beef products for cheaper meats such as pork and chicken. This is a trend that has been common in previous recessions, he said. There are other indicators showing that Costco's customers are feeling the pinch. For example, the portion of sales from Costco's private label brand —
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