Content about Costco

April 10, 2014

Costco announced on Thursday that its March sales increased 8% to $10.43 billion.

ISSAQUAH, Wash. — Costco announced on Thursday that its March sales increased 8% to $10.43 billion.

This year's five-week period, ended April 6, included 35 days of sales compared to 34 last year, reflecting the timing of Easter. This calendar shift positively impacted this year's net and comparable sales by an estimated 1 to 1.5%, the company stated.

During March, same-store sales rose 6% in the United States. For the total company, same-store sales increased 5% during that period.

March 31, 2014

Consumer Reports has ranked Wegmans No. 1 in its list of supermarkets across the country with a score of 88, according to a report in USA Today published Thursday.

ARLINGTON, Va. — Consumer Reports has ranked Wegmans No. 1 in its list of supermarkets across the country with a score of 88, according to a report in USA Today published Thursday. Publix ranked No. 3 with a score of 85. Costco, Hy-Vee, Harris Teeter and H-E-B also made the top 10 list. 

Wegmans, along with Trader Joe's, was rated best among employee courtesy and checkout speed. 

March 6, 2014

Costco reported on Thursday a decrease in second-quarter net income, which it attributed to weaker sales and gross margin results in certain non-foods merchandise categories, weaker gross margins in its fresh foods business and lower reported international profits.

ISSAQUAH, Wash. — Costco reported on Thursday a decrease in second-quarter net income, which it attributed to weaker sales and gross margin results in certain non-foods merchandise categories, weaker gross margins in its fresh foods business and lower reported international profits.

Net income for the quarter was $463 million, or $1.05 per diluted share, compared with $547 million, or $1.24 per diluted share, last year.

February 19, 2014

The Hertz Corp. and Costco in the U.K. have teamed up to bring short-term Hertz 24/7 van rental to Costco's members.

LONDON —The Hertz Corp. and Costco in the U.K. have teamed up to bring short-term Hertz 24/7 van rental to Costco's members. 

February 19, 2014

A recent poll of U.S. millennial, gen X and Baby Boomer consumers found that traditional retail categories are increasingly blurring, and more and more shoppers are turning to drug stores to buy groceries.

NEW YORK — A recent poll of U.S. millennial, gen X and Baby Boomer consumers found that traditional retail categories are increasingly blurring, and more and more shoppers are turning to drug stores to buy groceries.

Retail design firm King Retail Solutions conducted the fall 2013 study among more than 1,200 consumers.

February 13, 2014

Acosta Sales & Marketing, a sales and marketing agency in the consumer packaged goods industry, has signed an agreement to acquire Anderson Daymon Worldwide, the agency that exclusively serves Costco Wholesale.

JACKSONVILLE, Fla. — Acosta Sales & Marketing, a sales and marketing agency in the consumer packaged goods industry, has signed an agreement to acquire Anderson Daymon Worldwide, the sales and marketing agency that exclusively serves Costco Wholesale.

February 6, 2014

Costco on Thursday reported net sales of $8 billion for the four weeks ended Feb. 2, representing an increase of 6% percent from the similar four-week period last year.

ISSAQUAH, Wash. — Costco on Thursday reported net sales of $8 billion for the four weeks ended Feb. 2, representing an increase of 6% percent from the similar four-week period last year. 

Comparable store sales across Costco's U.S. store base were up 5%.

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

 

January 29, 2014

A call to make 2014 a year of action and for the government to work on behalf of Americans was the underlying theme of President Obama’s State of the Union address Tuesday evening.

WASHINGTON — A call to make 2014 a year of action and for the government to work on behalf of Americans was the underlying theme of President Obama’s State of the Union address Tuesday evening.

During his remarks, Obama touched upon a string of topics ranging from immigration reform, to education, to job creation. He also called for the raising of minimum wage and urged businesses to do what they can to raise employees’ wages, citing Costco as an example.

January 27, 2014

Following his State of the Union speech, President Barack Obama is scheduled to stop by a Costco store in Maryland on Wednesday, according to news reports.

WASHINGTON — Following his State of the Union speech, President Barack Obama is scheduled to stop by a Costco store in Maryland on Wednesday, according to news reports.

During his stop at the Costco in Lanham, which is located about 15 miles from the White House, Obama is expected to deliver remarks on the economy, the USA Today reported.

January 9, 2014

Costco Wholesale Corp.'s sales increased by 6% in the month of December and the first few days of January compared with December 2012, the club retailer said.

ISSAQUAH, Wash. – Costco Wholesale Corp.'s sales increased by 6% in the month of December and the first few days of January compared with December 2012, the club retailer said Thursday.

The Issaquah, Wash.-based company reported sales of $11.53 billion during the five weeks that ended Sunday, compared with $10.87 billion during the same period last year. Comps increased by 5% at the company's U.S. stores.

January 8, 2014

The semi-retired CEO of Costco Wholesale has been named as the recipient of the top award from the National Retail Federation at the trade group's upcoming trade show this month, the NRF said.

NEW YORK — The semi-retired CEO of Costco Wholesale has been named as the recipient of the top award from the National Retail Federation at the trade group's upcoming trade show this month, the NRF said Wednesday.

Jim Sinegal, who stepped down as president CEO of the Issaquah, Wash.-based club retailer in 2012, after 29 years, but still plays an active role in the company and is a member of its board of directors, is scheduled to accept the NRF's Gold Medal Award for 2014 at Retail's BIG Show, which takes place from Jan. 12-15 at the Jacob Javits Center in New York.

December 27, 2013

A national gay-rights organization has given Walgreens top marks for its practices related to gay, lesbian, bisexual and transgender people.

DEERFIELD, Ill. — A national gay-rights organization has given Walgreens top marks for its practices related to gay, lesbian, bisexual and transgender people.

In its 2014 Corporate Equality Index, the Human Rights Campaign Foundation gave the Deerfield, Ill.-based retail pharmacy chain a "perfect" score of 100. 2014 is the ninth year that Walgreens has won a perfect score.

December 13, 2013

Club retailers like Costco and Sam's Club may have some competition from Amazon.com, according to published reports.

NEW YORK — Club retailers like Costco and Sam's Club may have some competition from Amazon.com, according to published reports.

USA Today reported Thursday that the Seattle-based online retailer was creating a new business called Pantry that would allow members of its Amazon Prime premium service to buy consumer packaged goods in large quantities in a box of a pre-set size. Members will be able to put in as many items as the box can fit, up to a certain weight limit, and Amazon will ship the box for a small fee, as long as everything fits and isn't too heavy.

December 12, 2013

A company that helps people shop for groceries is expanding into another city after a successful run in two others, according to published reports.

NEW YORK — A company that helps people shop for groceries is expanding into another city after a successful run in two others, according to published reports.

TechCrunch reported that Instacart had launched in Boston. The company already operates in the San Francisco Bay Area and Chicago, and it plans to serve the entire Boston area in the next few months.

December 11, 2013

Costco Wholesale Corp. had sales of $24.47 billion in first quarter 2014, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp. had sales of $24.47 billion in first quarter 2014, the club retailer said.

The results, announced Wednesday, were an increase from the $23.20 billion reported in first quarter 2013 and produced a profit of $425 million, compared with the $416 profit last year.

Same-store sales for the quarter increased by 3%, including 3% in the United States and 1% in stores abroad.

While profits increased over the last quarter, the company's earnings per share of 96 cents fell short of the $1.03 expected by analysts.

December 5, 2013

Costco's sales increased by 5% during first quarter 2014, which ended on Nov. 24, the club retailer said Thursday.

ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales increased by 5% during first quarter 2014, which ended on Nov. 24, the club retailer said Thursday.

The company reported sales of $24.47 billion during the quarter, compared with $23.2 billion in first quarter 2013. For the month of November, sales were $8.78 billion, a 5% increase over the $8.4 billion reported in November 2012.

November 19, 2013

Dr. Pepper Snapple Group will distribute a growing line of all-natural, antioxidant-infused beverages, the maker of the beverages said Tuesday.

HAMILTON, N.J. — Dr Pepper Snapple Group will distribute a growing line of all-natural, antioxidant-infused beverages, the maker of the beverages said Tuesday.

Bai Brands, which makes the Bai 5 line, said the two companies had been working together for the last two years in select markets around the country and will now expand their partnership in most major markets.

November 19, 2013

Some members of club retailer Costco can have their items delivered to their homes under a new partnership between the retailer and Google.

NEW YORK — Some members of club retailer Costco can have their items delivered to their homes under a new partnership between the retailer and Google, the Internet company said.

Google Shopping Express is partnering with Costco to offer the service to members in the San Francisco area. Customers can order items online or through their mobile devices.

The delivery service also has partnerships with such retailers as Target, Whole Foods Market and L'Occitane.

 

November 18, 2013

A bill that would implement federal tracking and tracing of drugs and strengthen federal regulations on pharmacy compounding has passed in the Senate and will go to President Barack Obama for his signature.

NEW YORK — A bill that would implement federal tracking and tracing of drugs and strengthen federal regulations on pharmacy compounding has passed in the Senate and will go to President Barack Obama for his signature.

November 7, 2013

Sales at Costco Wholesale in October were up by 6% over last year, the club retailer said Thursday.

ISSAQUAH, Wash. — Sales at Costco Wholesale in October were up by 6% over last year, the club retailer said Thursday.

Costco said sales for the month were $8.15, compared with $7.66 billion in October 2012. For the nine-week period that ended Sunday, sales were $18.01 billion, a 6% increase over the $17 billion the chain had during the same period last year.

October 29, 2013

Hamacher Resource Group VP Dave Wendland is moderating Drug Store News' Diabetes & Chronic Care Roundtable for the 10th consecutive year, the company said Tuesday.

WAUKESHA, Wis. — Hamacher Resource Group VP Dave Wendland is moderating Drug Store News' Diabetes & Chronic Care Roundtable for the 10th-consecutive year, the company said Tuesday.

The roundtable, part of the DSN Industry Issues Summit, will take place on Dec. 3 at the New York Athletic Club in New York and include participants like Walgreens, Thrifty-White, Costco, H-E-B, Ahold, Kerr Drug, AmerisourceBergen and McKesson/Health Mart, as well as numerous suppliers.

October 9, 2013

Costco Wholesale had sales of $31.8 billion in fourth quarter 2013 and $102.9 billion in fiscal year 2013, the club retailer said Wednesday.

ISSAQUAH, Wash. — Costco Wholesale had sales of $31.8 billion in fourth quarter 2013 and $102.9 billion in fiscal year 2013, the club retailer said Wednesday.

The sales figures respectively represented a 1% and 6% increase over the same period last year. Profit for the quarter was $617 million, compared with $609 million in fourth quarter 2012, and $2.04 billion for the fiscal year, compared with $1.71 billion in fiscal year 2012.

September 18, 2013

Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study released Wednesday of 3,600 consumers conducted by Market Force Information.

BOULDER, Colo. — Publix Pharmacy is North America’s favorite based on customer satisfaction, according to a new study released Wednesday of 3,600 consumers conducted by Market Force Information. Though Walgreens and CVS/pharmacy ranked the highest when those consumers were asked to name their pharmacy chain, with 18% identifying Walgreens and 17% CVS.  

September 6, 2013

BACtrack on Thursday announced multiple partnerships with retailers — including Best Buy, Costco, Urban Outfitters and Walgreens — to begin selling "police-grade" breathalyzers.

SAN FRANCISCO — BACtrack on Thursday announced multiple partnerships with retailers — including Best Buy, Costco, Urban Outfitters and Walgreens — to begin selling "police-grade" breathalyzers.

September 5, 2013

Costco reported sales of $102.9 billion for fiscal year 2013, the club retailer announced Thursday.

ISSAQUAH, Wash. – Costco reported sales of $102.9 billion for fiscal year 2013, the club retailer said Thursday.

The figure for the fiscal year, which ended Sunday, represented a 6% increase over fiscal year 2012's $97.1 billion. For the fourth quarter, the company reported sales of $31.8 billion, a 1% increase over fourth-quarter 2012's $31.5 billion.

Sales for the month of August were $7.95 billion, a 7% increase over August 2012's $7.44 billion.