Costco, online retailers see sales of items soar

Costco can barely keep some items on the shelves, as shoppers flock to its warehouses to stock up on essentials in the wake of the coronavirus outbreak.

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Costco can barely keep some items on the shelves, as shoppers flock to its warehouses to stock up on essentials in the wake of the coronavirus outbreak.

Costco is struggling to keep some products on shelves as frenzied shoppers flock to its warehouses to stock up on disinfectant, bottled water and other goods out of concerns about the coronavirus.

“We’re getting deliveries daily, but still not enough given the increased levels in demand on certain key items,’’ Walmart’s CFO Richard Galanti, said in an earnings call Thursday with investors. 

“Clearly, not just at Costco but at other places, you really can’t go in and generally find sanitizing items,’’ he added. “And while we’re getting shipments daily, somewhere in the U.S. in whatever limited amounts  … It’s gone pretty quickly. I would assume that over the next few weeks or several weeks that’ll abate. But it depends what else happens with the virus.’’

Retailers see online sales surge 

Shoppers, worried about being confined to their homes or other consequences in the wake of the COVID-19 outbreak that has caused 12 deaths in the U.S., have been stripping store shelves bare, filling their carts with bottled water, cleansers and other supplies.

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Online shopping has experienced a surge as well. Sales of products that can safeguard health, such as gloves, masks and sanitizers jumped 817% in February as compared to the previous month, according to Adobe Analytics.

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