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Costco Wholesale Corp.

Costco’s net sales jump in second quarter

Costco’s net sales jump in second quarter

ISSAQUAH, Wash. — Costco Wholesale Corp. said net sales increased 7.3% to $24.6 billion in the fiscal second quarter. Top growth categories included grocery, consumer electronics, apparel, hardware, and health and beauty aids. Comparable-store sales at its U.S. clubs rose 7.2%, excluding the impact of fuel price and currency changes, in the 12 weeks to

U.S. retailers urge Trump not to impose tariffs

U.S. retailers urge Trump not to impose tariffs

WASHINGTON — More than two dozen retail companies — including Walmart, Costco Wholesale Corp., Dollar Tree Inc. and Target Corp. — sent a letter on Monday to President Trump urging him to refrain from imposing tariffs on China and alleging that American families would be hurt by such a move. In a separate letter to

Costco posts sales, earnings gains for year

Costco posts sales, earnings gains for year

ISSAQUAH, Wash. — Costco Wholesale Corp. reported sales and earnings gains for its fiscal fourth quarter and year, and said it has expanded delivery options for its customers. The warehouse club operator said that its net sales for the 17-week fourth quarter ended September 3 were $41.36 billion, an increase of 15.8% compared to the

Costco taps Hamilton James as new chairman

Costco taps Hamilton James as new chairman

ISSAQUAH, Wash. — Costco Wholesale Corp. on Friday announced that Hamilton (Tony) James has been elected company chairman. He replaces Costco co-founder Jeff Brotman, who died earlier this month. James is president and chief operating officer of the Blackstone Group L.P., and a member of the board of directors of its general partner, Blackstone Group Management

Brotman, Costco cofounder, dies

ISSAQUAH, Wash. — Jeff Brotman, cofounder of Costco Wholesale Corp. and the company’s chairman, died in his sleep earlier this month at age 74. Brotman helped build Costco into a global retailing powerhouse and was prominent in Puget Sound-area philanthropic and civic circles. “The thoughts of Costco’s board, management and employees are with Jeff’s wife

Costco settles with DOJ over improper pharmacy controls

Costco settles with DOJ over improper pharmacy controls

WASHINGTON — Costco Wholesale Corp. has agreed to pay $11.75 million in a settlement with the Department of Justice (DOJ) on claims that it improperly filled prescriptions for controlled substances. Also under the settlement, over the next three years the Drug Enforcement Administration (DEA) can conduct unannounced and unrestricted inspections of all DEA-registered Costco pharmacy

Costco woes open path for Sam’s

BENTONVILLE, Ark. — Costco Wholesale Corp.’s loss has been Sam’s Club’s gain. With Costco customers frustrated by problems with the Washington-based chain’s new Visa card, Sam’s accepted Costco membership cards through July 4. Sam’s action came after many Costco customers never received the Visa card from Citigroup Inc. that was supposed to replace their American

Retail sales gains tough to come by in February

NEW YORK — The Thomson Reuters Same Store Sales Index is forecasting a 0.5% gain in U.S. same-store sales for February, which represents an improvement from January but would fall short of the 3% growth some analysts consider a benchmark for a flourishing retail ­sector. Costco Wholesale Corp. said its comparable-store sales in the four