Costco is doing well while other retailers cut estimates and bemoan the current state of retail, according to Bloomberg:

Costco shoppers, who might pick up a $1,270 strand of cultured pearls while buying cases of seltzer, spent more even as costs for housing, fuel and food rose. Customers also purchased iPods, digital cameras and prepared food.

``The thing that Costco has going for them is that they tend to get a little bit more upscale customers,'' Rachel Wakefield, who helps manage $1.2 billion for Coldstream Capital Management, including Costco shares, said Oct. 1.

Costco Profit Rises on Flat TV Screens, Prepared Food (Update2) [Bloomberg]
(Photo:vlauria)