At Costco we don't freeze prices. We work with our suppliers and we negotiate with them. If they come to us two weeks before Christmas, we're going to be a little bit tougher and say, “You know, let's wait,” because it's not a nice gift for consumers, but we don't freeze prices. If we can decrease prices because the currency goes down, we do it the day the currency comes down, so for us, it's not a practice. The practice is the best possible price every day, and that's what we do because we're selling memberships and we're about the sales. Our members trust us to negotiate the best deal, so we cannot freeze the price for a couple of months in our....
On February 13th, 2024. See this statement in context.