Content about Costco Wholesale Club

February 6, 2014

Costco Wholesale Club’s same-store sales rose 4% in January, topping analysts' expectations.

Issaquah, Wash. — Costco Wholesale Club’s same-store sales rose 4% in January, topping analysts' expectations. The metric rose 5% in the United States, and was 1% internationally.

Removing the impact of lower gas prices and foreign currency fluctuations, same-store sales were up 6%, rising 5% in the United States and 8% overseas.

For the 22 weeks ended Feb. 2, Costco reported net sales of $46.3 billion, representing a similar increase of 6% versus the year-ago period.

January 9, 2014

Costco Wholesale Club’s same-store sales rose 3% in December, beating analysts' estimates of a 1.8% gain.

Issaquah, Wash. - Costco Wholesale Club’s same-store sales rose 3% in December, beating analysts' estimates of a 1.8% gain. The metric climbed 5% in the U.S. and inched up 1% overseas for the five weeks ended Jan. 5.

Total monthly revenue increased 6% to $11.53 billion.

For the 18-week period, same-store sales were up 3%. In the U.S. the metric rose 4% and 1% internationally.

September 21, 2012

Two U.S. retailers took home top honors at the 2012 World Retail Awards in London, with Costco Wholesale Club named “Retailer of the Year,” and Macy’s recognized as “Multichannel Retailer of the Year.”

New York -- Two U.S. retailers took home top honors at the 2012 World Retail Awards in London, with Costco Wholesale Club named “Retailer of the Year,” and Macy’s recognized as “Multichannel Retailer of the Year.” The awards were announced as part of the 2012 World Retail Congress.

April 5, 2012

Costco Wholesale Club said it plans to open up to an additional eight warehouses prior to the end of its fiscal year on September 2, 2012.

Issaquah, Wash. -- Costco Wholesale Club said it plans to open up to an additional eight warehouses prior to the end of its fiscal year on September 2, 2012.

Costco currently operates 601 warehouses, including 434 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia.
 

January 5, 2012

The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

New York City -- The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

“Cold-weather categories, which are highly profitable and represent approximately 25% of our business in December, were down mid-teens on a percentage basis,” said Tony Buccina, vice chairman, president – merchandising, The Bon-Ton Stores, whose December same-store sales fell 0.7%. The company widened its loss forecast.

September 2, 2011

The retail world will lose one of its most colorful and respected CEOs when Costco Wholesale Club co-founder and chief executive Jim Sinegal steps down on January 1, 2012.

The retail world will lose one of its most colorful and respected CEOs when Costco Wholesale Club co-founder and chief executive Jim Sinegal steps down on January 1, 2012 (see related story). Among retailers, Sinegal stands out for offering proof positive that a business could be good to its employees and customers and still make a hefty profit.

September 1, 2011

Despite low consumer confidence, the volatile economy and a hurricane, many retailers reported better-than-expected sales in August.

New York City -- Despite low consumer confidence, the volatile economy and a hurricane, many retailers reported better-than-expected sales in August. Hurricane Irene appeared to put a dent in the results of some retailers on the East Coast, but the storm did not appear to do as serious damage as some expected.

Total retail sales rose 4.4%, just missing the 4.6% rise that Wall Street analysts had expected, according to Thomson Reuters. Of the 19 out of the 25 retailers that Thomson Reuters tracks, 11 beat expectations.

July 7, 2011

Discounters and warehouse clubs turned in robust performances in June, led by Costco Wholesale Club, whose same-store sales in the United States rose 12%, while internationally same-store sales jumped 18%.

New York City -- Discounters and warehouse clubs turned in robust performances in June, led by Costco Wholesale Club, whose same-store sales in the United States rose 12%, while internationally same-store sales jumped 18%. Excluding the impact of inflation in gasoline prices and stronger foreign currencies, Costco said same-store sales in June rose 8%. Its results beat expectations.

April 7, 2011

Although there were some same-store drops among the discount retail players in March, most beat Wall Street expectations and showed that shoppers are continuing to spend despite a less-than-ideal economic climate.

New York City -- Although there were some same-store drops among the discount retail players in March, most beat Wall Street expectations and showed that shoppers are continuing to spend despite a less-than-ideal economic climate.

Costco Wholesale Club was a strong performer in March, beating analysts’ estimates with a 7% rise in same-store sales for the month, excluding fuel. Wall Street expected a 5.5% increase.

February 29, 2008

Developer Pace Properties, St. Louis, may well change the shape of shopping in West...

September 11, 2006

New York City, ...