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
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported that its net sales in the first quarter of fiscal 2019 were $34.31 billion, an increase of 10.3% over the same period last year. Comp sales for the company as a whole increased 8.8%, and rose 32.3% for the company’s e-commerce business. Comp sales for the 12
ISSAQUAH, Wash. — Costco Wholesale Corp. reported fourth quarter results that beat analysts’ expectations. Same-store sales for the 16-week quarter ended September 2 were up 10.8% in the United States and 9.5% for the company as a whole, compared to the same quarter last year. When the impacts of gasoline prices and foreign exchange rates
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
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
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
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
ISSAQUAH, Wash. — Jeff Brotman, cofounder of Costco Wholesale Corp. and the company’s chairman, died in his sleep at home on Tuesday. He was 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
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday announced third quarter sales and earnings that beat analyst expectations. Net sales for the quarter ended May 7 increased 8% to $28.22 billion, up from $26.15 billion in the same period last year. Net sales for the first 36 weeks increased 6%, to $84.82 billion from $80.34 billion
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
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
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