Buy Costco Shares

How COVID-19 has impacted Costco and measures they’ve taken as a business to combat it. Read on below.

Costco Shares

Our aim is to help you buy Costco shares armed with as much research and information as possible.

Below we’ve aggregated up to date information on Costco including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Costco shares.

About Costco

Costco is a multinational corporation of American origin operating a chain of membership-only warehouse clubs.

Originally starting out under the name of Price Club in 1976, its first warehouse under the name of Costco opened in Seattle in 1983. Now the second largest retailer in the world, Costco ranks alongside retail giants Walmart and Target boasting over 94 million loyal members.

Walter Craig Jelinek, has been president and chief executive officer since 2012 though Costco is a publicly traded company owned by shareholders.

How Coronavirus has impacted Costco's share price

As the Coronavirus is continuing to spread and cause panic throughout the world Costco adapts to the ever changing demands.

Here’s a timeline of the changing face of Costco.

March 9th

Even with much of the retail industry at a standstill because of the pandemic, Costco is still looking to expand, with plans to open a new store in China near Shanghai.

March 12th

Costco added $1.5 billion in sales in March but membership is by far a key gauge of success not sales, maintaining around a 90% retention rate of members.

March 22nd

As a result of the response to the coronavirus virus Costco may experience lasting benefits The warehouse club chain has always offered its members good value and is committed to connection and value.

MARCH 25TH

Costco is doing well as it continues to sell the staples people need, and is able to keep its members supplied with food and other necessities even though some shortages have been experienced.

April 9th

The sales of Costo shares was growing even before the coronavirus . Its net sales through 31 weeks of 2020 rose by 9% to $96.25 billion from $88.29 billion in the same period last year. Currently the warehouse club has seen its growth accelerate due to exceptional circumstances.

How to buy Costco shares

It’s a very simple and straightforward process to getting started and owning a share of Costco. Our step by step guide below will show you just how easy.

1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).

2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.

3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.

4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.

5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.

And that’s it, you’re now a shareholder. Congratulations!

Always remember that the value of your investments can go down as well as up. There’s a chance you may end up with less than you begin with. Capital is at risk.

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