Dive Brief:
Costco reported same-day grocery delivery sales rose 450% during Q2, showing continued high demand for online shopping through the club retailer during the pandemic.
CFO Richard Galanti said during the company’s earnings call that its curbside pickup test at three stores in New Mexico is going well with basket sizes that have “surpassed our expectations.”
Total company e-commerce sales rose 76% during Q2, excluding same-day grocery sales, and 96% when including them, Galanti noted.
Dive Insight:
High online grocery sales through the Instacart-powered program point to the strength of Costco’s assortment as well as ongoing demand for e-commerce. Although Costco is primarily focused on its store sales, shoppers are still clamoring to get bulk grocery items delivered.