aggregated from: Biz Buzz

Costco Wholesale's seven percent same store sales decline in May isn't as alarming as it first appears when you peer behind the raw numbers.That sales drop raised some alarm among Wall Street analysts who had expected a better performance this week from Costco. But the sales declines were not so much about customers buying fewer goods, but the goods, particularly gasoline, selling for lower prices this year.Gas is now selling for substantially less than it was at this time last year, thus the d...

topics: costco