"When legal challenges have recovered charges passed on in some form to our members, our commitment will be to find the best way to return this value to our members through lower prices and better values. We believe our expertise in buying and our limited SKU-count model puts us in a position to manage this as well as anyone."
"Regarding tariff refunds, it is not yet clear what the process will be, what refunds, if any, will be received, and when this will happen. The timing and layering of different tariff rates throughout the year have also made it difficult to track the exact impact on specific items."
"At Costco, we always want to be the first to lower prices and the last to raise them. Costco has taken several steps to manage the impact of tariffs on its pricing, including shifting countries of origin for certain items, consolidating global purchases, and leaning into its own Kirkland Signature brand."
Costco CEO Ron Vachris stated the company is committed to returning any tariff refund value to members through lower prices and better values. Costco is among hundreds of companies suing the US government for refunds related to Trump's IEEPA tariffs, which were struck down by the Supreme Court. The company has implemented strategies to manage tariff impacts, including shifting product origins, consolidating global purchases, and expanding its Kirkland Signature brand. Vachris noted that Costco's buying expertise and limited SKU model position it well to manage tariff challenges. The company has already lowered prices on items like textiles, bedding, and cookware as certain tariffs decreased, maintaining its philosophy of being first to lower prices and last to raise them.
Read at Business Insider
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