THE ON DECK NEWS

THE ON DECK NEWS DAILY

Menu
  • Terms and Conditions
  • Privacy Policy
Menu

Costco simply issued that necessary Christmas buying warning – Greatest Life

Posted on December 11, 2021 by

More than 113 million people are Costco memberships, according to the wholesaler’s latest data. These loyal buyers may have experienced some setbacks this year. In September, Costco had to set purchasing limits on some items, effectively restricting its purchasing model for certain purchases. Then, in November, the company had to pull some Kool-Aid products out of its stores after numerous containers were recalled for potential contamination with bits of metal and glass. Now the company is sending an important warning to its millions of customers before the Christmas holidays. Read on to find out why Costco is sending out an urgent announcement.

RELATED: CVS has issued this urgent warning to all customers.

Shutterstock

Shipping delays weren’t uncommon this year, but Costco is now warning customers that those delays will affect the upcoming holiday. Clogged ports, a shortage of truck drivers and a shortage of raw materials have continued to make it difficult for retailers to stock shelves before the holiday shopping season, according to Reuters.

And although many retailers try to mitigate these problems in various ways, e.g. For example, by using air freight and ordering products early, Costco still expects delays in both toys and seasonal items. “In fact, some of the inventory won’t make it until Christmas.” Richard Galanti, Costco’s chief financial officer, confirmed during a conference call on December 9, according to Reuters.

RELATED: Publix Says It Is Now Limiting These 6 Items With Effective Immediately.

Shutterstock

According to Bloomberg, about 79 percent of Costco’s imported containers were delayed by an average of 51 days. However, Galanti praised the company’s work in keeping the shelves in stock despite these shipping problems. In fact, the CFO said that Costco’s relatively narrow product range gives it an advantage in terms of inventory management compared to other companies selling a wider variety of products.

“We’re feeling pretty good about staying in stock,” Galanti said on the call via Bloomberg. “Overall, we feel we have handled the supply chain challenges pretty well.”

Burke, USA - November 24, 2017: Black Friday sign in Walmart store entrance with card to go after Thanksgiving Shopping Consumerism in Virginia with Sikh man inside?iStock

While Costco admits inventory issues ahead of the holidays, other retailers are singing a different tune. Both Target and Walmart recently announced that they plan to replenish shelves this holiday season despite supply chain issues. In November, Target announced that its inventory levels were up 20 percent this year compared to last year, according to Fox Business. And Walmart CEO Doug McMillion told customers in a video message that the company’s inventory had increased 11.5 percent.

“Despite the various macroeconomic and industry-specific challenges, our inventory is good,” Brett Briggs, Walmart’s CFO, said on a conference call about Fox Business results. He added that the retailer is “off to a good start into the holiday season and is in a good position to continue to deliver strong results”.

RELATED: For more retail news delivered direct to your inbox, sign up for our daily newsletter.

The Costco Wholesale Corporation website is viewed on a laptop in the background and a person is holding a bank cardShutterstock

If you do your Christmas shopping through the Costco online store, you might run into some problems this year too. According to a letter from the president posted on the company’s website, Craig Jelinek“Online shopping and shipping volumes are expected to be at an all-time high over the 2021 holiday season,” which may lead to some delays. “Expect small delays in parcel delivery,” he wrote, noting that the company does not anticipate delays affecting “large and bulky” items such as furniture, grills, mattresses and appliances.

“Please know that we will do our part to ensure that your purchases are delivered to you quickly and efficiently,” added Jelinek. “We strive to give you accurate estimates of delivery times before placing your order, to post regular updates on our website, and to provide easy access to tracking information for your order … Should we encounter any unexpected problems after placing your order we will contact you by email. “

RELATED: These products sold at Home Depot, Lowe’s, and other stores are being recalled.

Recent Posts

  • A Review of the Quinear Air Compression Leg Massager
  • Cloud Massage Shiatsu Foot Massager Machine Reviews
  • How to Activate Your New Credit Card
  • Ways to Pay With Mastercard
  • The Benefits of an Amex Platinum Card

Recent Comments

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021

    Categories

    • Business
    • Finance
    • Health
    • Life
    • News
    • Shopping
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2022 THE ON DECK NEWS | Design: Newspaperly WordPress Theme