Costco tariff refunds update: Here’s how the warehouse club says it gave back to members so far

Costco Wholesale Corporation used its fourth quarter earnings report to share more about its tariff refund plan. The Washington-based retail company previously explained that it would return the refunds to customers “in some form.” Now, Costco CEO Ron Vachris has shared that the company received some “initial” refunds during its fourth quarter and “reinvested some of these dollars to give value back to our members.” “This was predominantly through price reductions on a number of items i...