Costco closing all photographic centers of the store

Costco is saying goodbye to one of the basic products of his business: photography centers in stores.

Ticker Safety Last change Change %
COST COSTCO WHOLESALE CORPORATION 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 obtain ink refills, passport photos, photo restoration and the YesVideo Home Movie Transfer service.

AMAZON, HOME DEPOT, COSTCO WAREHOUSES HIT BY CORONAVIRUS OUTBREAKS, LA COUNTY SAYS

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, photo cards, canvas, metal and acrylic prints, photo albums. photos, calendars, photo blankets and other gifts and commercial printing.

Costco declined to comment to FOX Business about the closings. However, according to a customer email obtained by PetaPixel, the company cited “the continued decline in impressions” as the reason due to the evolution of camera phones and social media.

The retailer is asking customers with remaining orders to pick them up at their local photo center by March 28.

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

The news of the closings left Costco’s customers devastated on Twitter.

“Costco is closing its photo center I’m DEVASTED”, tweeted one user. “They had the best prices for developing the film.”

DISCOVER FOX BUSINESS ON THE MOVE BY CLICKING HERE

Despite the permanent closure of its photo centers in stores, Costco’s business prospered 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 to currency fluctuations, increased 17.1% year-over-year. Including these adjustments, comparable sales increased by 17% in the United States, 16.8% in Canada and 17.7% in other international markets. Meanwhile, e-commerce sales increased 86% year-over-year.

In the four-week period ended November 29, after Thanksgiving, comparable sales increased 14.6% to $ 15.67 billion.

Source