Costco CFO is cautiously optimistic
With same-store sales turning positive in September and October, Costco Chief Financial Officer Richard Galanti said the company hopes consumers are starting to buy again. The warehouse club is seeing customers begin to buy discretionary items such as cameras, clothes and sporting goods after months of holding back. "We still are cautious but are keeping our fingers crossed that people are buying a little bit," Galanti told investors this week. ABC News/Reuters (11/11)