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Costco says goodbye to one of the must-haves of its business: in-store photo centers.
| Teleprinter | security | Latest | Change | Change% |
|---|---|---|---|---|
| COST | WHOLESALE COMPANY COSTCO | 366.95 | +2.75 | + 0.76% |
Costco’s beloved photo department is scheduled to close at all locations on February 14. As a result, customers will no longer be able to get ink refills, ID photos, photo restoration, and YesVideo home film transfer service.
AMAZON, HOME DEPOT, COSTCO WAREHOUSES AFFECTED BY CORONAVIRUS OUTBREAKS, SAYS COUNTY OF
However, customers will still be able to access various online services on the Costco Photo Center website for home or business delivery, including photo prints, enlargements and posters, stationery, business cards. photo greetings, canvases, metallic and acrylic prints, photo books, calendars, photo covers and other gifts, and professional printing.
Costco declined to comment to FOX Business about the closings. However, according to an email to customers obtained by PetaPixel, the company cited “the continuing decline in impressions” as the reason due to the evolution of camera phones and social media.
The retailer is urging customers with remaining orders to pick them up at their local photo center by March 28.
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News of the closures devastated Costco customers on Twitter.
“Costco is closing its photo center I am DEVASTATED,” tweeted one user. “They had the best prices for developing films.”
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Despite the permanent closure of its in-store photo centers, Costco’s business boomed during the coronavirus pandemic.
Costco reported $ 42.35 billion in net sales for its first fiscal quarter last month.
Comparable sales, excluding changes in gasoline prices and adjustments for currency fluctuations, increased 17.1% year over year. Including these adjustments, comparable sales increased 17% in the United States, 16.8% in Canada and 17.7% in other international markets. Meanwhile, e-commerce sales grew 86% year over year.
In the four-week period ending Nov. 29, after Thanksgiving, comparable sales rose 14.6% to $ 15.67 billion.
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