'It only reinforces its value position,' Wells Fargo said.
Share on linkedin are generating between $100 million to $200 million a month, per a Wells Fargo equity research note out this week. Yes, that's actual precious metal.The retailer last year started selling 1 oz. gold bars online and in some stores for just over $2,000 a pop, with a limit of two bars per Costco membership, per the online store. It also sells Wells Fargo said it views "the addition of gold/silver as a smart move for Costco, as it only reinforces its value position.
The bank also attributed the "sharp uptick in momentum" since the 2023 launch of gold bars to the "accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST's robust monthly eComm sales."Costco had already sold $100 million in gold bars in its first quarter ending in late November.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimatesGold has turned into money for Costco, where yellow-metal sales begun last year have turned into a cash cow for the big-box retailer.
Lire la suite »
Costco gold and silver sales 'seem to have grown considerably': Wells FargoCostco Wholesale got into precious metals sales last year with gold bars and, according to a Tuesday research note from Wells Fargo, those may have picked up quite a bit since then.
Lire la suite »
Go smart or go home: Amazon’s Echo Show 8 smart display is $50 offThe Amazon Echo Show 8 is a great smart display for keeping on top of everything at home. It's on sale now at Best Buy.
Lire la suite »
Samsung Introduces Smart Ring to Shake Up the Smart Accessories WorldSamsung takes the lead in introducing a smart ring that aims to help users stay healthy and become an integral part of the Samsung Health ecosystem.
Lire la suite »
Costco fans excited about chocolate nest cake’s return for Easter: ‘I need this'Costco members in the U.K. are raving about an Easter-themed chocolate cake put out by Costco's Kirkland brand, which appears to have returned to some stores.
Lire la suite »
Costco begins offering Ozempic prescriptions to some membersSome people go to Costco for its $1.50 hot dogs, others for its $179 Ozempic prescriptions.
Lire la suite »