In the global retailing community, one U.S. retailer has exerted a stronger impact than any other. That impact has not been determined by size or reach or number of stores or by any of the traditional barometers by which retailing impact or influence is measured. Rather, it is reckoned by knowledge of the retail community,
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported strong sales and earnings that topped analyst expectations. Net sales for the 12-week quarter ended May 9 increased 21.7%, to $44.38 billion, from $36.45 billion last year. Net sales for the first 36 weeks grew 17.7%, to $130.61 billion, from $110.94 billion last year. Comparable store
ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales of $43.89 billion, a gain of 14.7%, for the second quarter ended February 14. Comparable store sales for the 12-week period increased 12.6% (excluding impacts from changes in gasoline prices and foreign exchange rates) in the United States, and 12.9% for the company as a whole.
ISSAQUAH, Wash. — Costco Wholesale Corp. on Wednesday reported net sales of $13.64 billion for the retail month of January, up 17.9% from the $11.57 billion recorded in January of 2020. The company’s e-commerce sales in January rose 107%. For the twenty-two weeks ended January 31, 2021, the company reported net sales of $79.11 billion,
NEW YORK — Ahold Delhaize’s GIANT Co. and Food Lion, along with such retailers as Kroger, Walgreens and Walmart, were among the retailers recognized as being among the best places to work for LGBTQ equality. They received perfect marks on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index. A record-breaking 767 major U.S. businesses
ISSAQUAH, Wash. — Costco Wholesale Corp. posted a 12.5% increase in net sales for its fiscal 2020 fourth quarter, which ended on August 30. Net sales for the quarter totaled $52.28 billion for the 16-week quarter, up from $46.45 billion in the comparable period last year. Net sales for the fiscal year increased 9.3%, to
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $16.18 billion for the five weeks ended July 5, an increase of 11.1% from the $14.57 billion recorded in the comparable period last year. For the 44-week year-to-date period, Costco reported net sales of $136.37 billion, up 8.1% versus the $126.13 billion during the similar
ISSAQUAH, Wash. — Costco Wholesale Corp. posted sales of $36.45 billion for its third quarter ended May 10, a 7.3% increase over the comparable period in 2019. Same store sales, adjusted to exclude the impacts of fuel sales and the effects of currency changes, increased 8% in the United States and 7.8% for the entire
LONDON — Internet giants Amazon.com and Alibaba top the this year’s BrandZ ranking of the “75 Most Valuable Global Retail Brands,” which was released Thursday by Kantar and WPP. The report, which was launched in conjuction with the World Retail Congress, found that the value of the world’s top 75 retail brands has grown 12% —
ISSAQUAH, Wash. — Costco Wholesale Corp. last month made a $1 billion deal to bolster its e-commerce operations, acquiring Innovel Solutions, a logistics firm specializing in the storage and delivery of big and bulky items. The move is seen as helping Costco support online sales of such products as furniture, large appliances, fitness equipment and
ISSAQUAH, Wash. — Costco Wholesale Corp. has acquired Innovel Solutions, a logistics firm specializing in last-mile delivery and installation services, for $1 billion. The move is seen as helping Costco support online sales of such products as furniture, large appliances, fitness equipment and big-screen televisions. Innovel has for decades provided Sears and, more recently, third
ISSAQUAH, Wash.— Costco Wholesale Corp. reported a 10.5% increase in net sales for the second quarter of fiscal 2020. Comp store sales were up 9.1% in the United States and 8.9% for the company as a whole. Net sales for the 12 weeks ended February 16 totaled $38.26 billion, up from $34.63 billion in the