Costco Just Announced This Big Change To Its Stores For Holiday—Customers Are Freaking Out On Twitter!
October 11, 2021 by Justine Schwartz
Costco shoppers will feel the impact of product shortages this holiday season in the form of reimposed shopping limits! The industry-wide supply chain and shipping problems that have plagued retailers like Target have impacted the wholesale chain, too, the company just announced. As the coronavirus pandemic rages on, the Washington-based company announced that customers will now face buying limits on key items as we head into the last months of 2021. Say it ain’t so!
CFO Richard Galanti recently revealed that stores are bringing back product limits on household items like toilet paper, bottled water and paper towels. While this might trigger flashbacks to those panicked first days of Covid when even Costco’s colossal aisles appeared bare, the company asserts that there is a plus side to the limitation: it helps them to avoid raising prices.
During the Q4 earnings call on September 23rd, the financial officer of the membership club said the company is limiting customers because it wants to make sure items stay in stock as it faces shipping delays, truck driver shortages and other extensive delay timelines of 8-12 weeks (up to 16-18 weeks in worst cases!).