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Stock impact report

As Americans brace for potentially higher prices, Costco looks more appealing: Is it worth the $130 membership? [CNBC]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: CNBC
Retailers like Target and Amazon have seen their stocks slide roughly 10% since Wednesday as investors prepare for the possibility that consumers could cut back on spending. And while financial experts warn against panic shopping , Mark Cuban recently urged consumers to stock up on essentials “from toothpaste to soap” in case price hikes are implemented across the board. One retailer whose stock has performed better in comparison — as of Friday afternoon it has slipped 4% since tariffs were announced — is wholesale chain Costco. “They predominantly sell consumer staples, and those are still going to be purchased even in a weaker consumer spending environment,” Wedbush analyst Seth Basham tells CNBC Make It. On top of that, the chain's reputation for providing a good value to its customers — its membership renewal rate is over 90% — may help it retain its place in shoppers' monthly budgets. “Consumers value high quality items at very good prices,” Basham says. ”[Costco doesn't Show less Read more
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