There has been a bit of hand-wringing in the media in the last few months over same-store sales. This hasn't been without reason, as same-store sales have been worsening and both Sears Holdings
But there are still retailers with pockets of strength. Among them is Motley Fool Stock Advisor selection Costco
In June, Costco saw its same-store sales climb 6% overall, with a 5% increase at U.S. stores and a 10% increase at international locations. Across the U.S., Costco saw the strongest increases in the Midwest, Northwest, Northeast, and Texas. Internationally, Korea and Taiwan retained the strongest local currency results, and the company did see a boost from the strengthening in the English pound.
Competitively, there was a different look this month. In the last few months, Costco has easily bested BJ's Wholesale
Costco continues to be an attractive company that I think is fairly valued. If the markets hiccup at all during the second half of the year and Costco suffers, it would be high up on my list of positions to add to at around $50. Hopefully I'll get that chance.
Related Foolishness:
Nathan Parmelee has owned shares of Costco for years, and shopped there for a bit longer. He has no ownership stake in any of the other companies mentioned. Home Depot and Wal-Mart are Motley Fool Inside Value selections. The Motley Fool has an ironclad disclosure policy.