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You might enjoy a host of new bargains in the next 12 months.
Shopping at Costco has the potential to be an adventure. Think about it — you enter this massive warehouse, where you can easily get lost in the aisles as you attempt to load up on everything from laundry detergent to milk to paper towels.
At the same time, if you’re a regular Costco shopper, you probably know where to find all of your favorite items. And you may have certain staples you stock up on every week.
But one great thing about Costco is that it tends to rotate its inventory on a seasonal basis, and also, introduce new products into the mix. And there’s a good chance it will continue to do so in 2023.
Expect new and exciting inventory
Many retailers had a difficult time stocking their shelves in 2021, and even into 2022, due to supply chain shortages. But at this point, many of those issues have resolved themselves. That means Costco might land in an even stronger position to offer a wide range of new products over the next 12 months.
That said, don’t expect those newly introduced products to last forever. It’s common for Costco to offer certain items on a limited basis, so if you see something new at Costco that catches your eye, you may want to scoop it up quickly.
During the fall and winter, for example, you’re likely to see a selection of cold weather accessories and coats. But come spring, you probably won’t be able to find those items. Instead, you might see things like lawn chairs, swimsuits, and beach gear.
Costco also tends to offer holiday-specific inventory. Since there aren’t many holidays at the start of the year, you may not end up seeing many new food items in January and February. But in March and April, you might find Easter goodies. And in the latter part of the summer and fall, you’ll probably see many options for loading up on Halloween candy.
Costco’s holiday food offerings tend to get even more impressive in November and December. Keep an eye out for things like gourmet chocolates, cookies, and beverages designed to take any holiday celebration to the next level.
Shop judiciously
It’s fair to assume that Costco will introduce a host of new products in 2023. But does that mean you should buy a lot of them? Not necessarily.
A lot of people drained their savings in 2022 to cope with inflation, or racked up debt on their credit cards. If that happened to you, then you’ll want to do what you can to limit your spending this year. And that means avoiding impulse buys at Costco, and instead, sticking to the essentials you know you need.
Now if money isn’t tight, then by all means, go ahead and browse the aisles at Costco this year. Chances are, you’ll find new items you haven’t seen before. And if there are purchases that really tempt you, you may want to carve out room in your budget to snag them before they’re gone.
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The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.