Costco buys logistics firm for $1 billion
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