Costco

Costco posts 15% Q4 sales increase

ISSAQUAH, Wash. — Costco Wholesale Corp. said foot traffic was up in its fourth quarter, and average tickets were bigger as the warehouse club’s members cope with inflation. Net sales increased 15.2% to $72.7 billion in the 16-week quarter ended August 28. Comparable-store sales rose nearly 14%, and digital sales were up 7.1%. For the

Costco posts 16.1% net sales gain in Q2

Costco posts 16.1% net sales gain in Q2

ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $50.94 billion for the second quarter ended February 13. Net sales for the 24-week year-to-date period increased 16.4%, to $100.35 billion, up from $86.23 billion last year. Comparable club sales increased 11.3% in the United States (excluding the impacts from changes in gasoline prices and

Customer satisfaction with retailers is mostly steady

Customer satisfaction with retailers is mostly steady

ANN ARBOR, Mich. — Customer satisfaction with retail is relatively stable, according to the American Customer Satisfaction Index’s 2021-2022 ranking.  The Retail Trade sector as a whole saw its score dip just 0.5% to 75.1 (out of 100). “Cool stability,” says ACSI managing director David VanAmburg. “That’s the best way to describe the retail sector

Vachris is promoted to president and COO of Costco

ISSAQUAH, Wash. — Costco Wholesale Corp. has named Ron Vachris president and chief operating officer. Vachris, 56, previously served as executive vice president and chief operating officer of merchandising, a position he was named to in June 2016. Vachris succeeds Craig Jelinek in the role of president, while Jelinek remains chief executive officer and a

Costco names Ron Vachris president, COO

Costco names Ron Vachris president, COO

ISSAQUAH, Wash. — Costco Wholesale Corp. has named Ron Vachris president and chief operating officer. Vachris, 56, previously served as executive vice president and chief operating officer, merchandising, a position he was named to in June 2016. Vachris succeeds Craig Jelinek in role of president, while Jelinek remains chief executive officer and a member of the

Costco posts 15.5% net sales gain in January

Costco posts 15.5% net sales gain in January

ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $15.76 billion for the retail month of January, an increase of 15.5 from $13.64 billion last year. The company noted that Lunar New Year/Chinese New Year occurred on February 1 this year, 11 days earlier than last year. The shift favorably impacted Costco’s “Other International”

Costco named MMR Retailer of the Year

Costco named MMR Retailer of the Year

ISSAQUAH, Wash. — Costco Wholesale Corp., even more than most retailers, has a business model built around efficiency. The company offers a limited selection of products, most of them available in only the most popular flavor, color or size, which results in high sales volumes and rapid inventory turns. Combined with the operating efficiencies achieved

Amazon tops dunnhumby grocery list

Amazon tops dunnhumby grocery list

CHICAGO — Amazon took the top spot in dunnhumby’s latest ranking of the nation’s top grocery retailers,  with H-E-B following in second place and Market Basket leapfrogging three retailers to take the third spot away from Trader Joe’s. Wegmans held onto the fourth spot for a second year in a row. “The pandemic has massively

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