Content about Costco

August 28, 2013

Craft brewers are the star of the show in the latest issue of Costco Wholesale Corp.'s member magazine.

ISSAQUAH, Wash. — Craft brewers are the star of the show in the latest issue of Costco Wholesale's member magazine.

For the cover story of the September issue of Costco Connection, the club retailer solicited stories from members who had turned brewing as a hobby into businesses, or dreamed of doing so, receiving more than 500 responses.

Breweries profiled include Two Brothers Brewing Co. of Warrenville, Ill.; Copper Kettle Brewing Co, of Denver; Mac & Jack's Brewery of Redmond, Wash.; and Maui Brewing Co. of Lahaina, Hawaii.

August 8, 2013

Costco announced on Thursday that sales for the month of July rose 7% as same-store sales climbed 4%.

ISSAQUAH, Wash. — Costco announced on Thursday that sales for the month of July rose 7% as same-store sales climbed 4%.

For the four weeks ended Aug. 4, sales rose 7% to $7.87 billion. Same-store sales for the company rose 4%, while same-store sales for the United States also rose 4%.

July 15, 2013

Supermarket chain Wegmans took the time last week to issue a clarification following local news reports: It would not be ending healthcare benefits for its part-time employees. A story in the Buffalo News had a headline, "Wegmans cuts health benefits for part-time workers," that had been misconstrued.

It's no secret why Wegmans — which operates 81 stores in New York, New Jersey, Pennsylvania, Virginia, Maryland and Massachusetts — is included in Fortune magazine's list of the "100 Best Companies to Work For."

Supermarket chain Wegmans took the time last week to issue a clarification following local news reports: It would not be ending healthcare benefits for its part-time employees. A story in the Buffalo News had a headline, "Wegmans cuts health benefits for part-time workers," that had been misconstrued.

July 11, 2013

Costco Wholesale reported sales of $9.9 billion for the month of July, an 8% increase over July 2012, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp. reported sales of $9.9 billion for the month of July, an 8% increase over July 2012, the club retailer said Thursday.

For the 44-week period that ended Sunday, sales were $87.05 billion, also an 8% increase over the same period last year. For the month and the 44-week period, same-store sales rose 6%.

Sterne Agee analyst Chuck Grom said that not counting the effects of foreign exchange rates and gas prices, the company's total same-store sales increased by 6.25%, higher than the firm's 5% forecast.

July 1, 2013

A drug for treating obesity has become available through a network of about 8,000 retail pharmacies around the country, the drug's manufacturer said.

MOUNTAIN VIEW, Calif. — A drug for treating obesity has become available through a network of about 8,000 retail pharmacies around the country, the drug's manufacturer said Monday.

Vivus said the drug, Qsymia (phentermine; topiramate) extended-release capsules would be available at Costco and Walgreens stores, including Duane Reade stores. The launch is happening ahead of the previously announced mid-July launch date.

June 26, 2013

Drug supply company ScripsAmerica has entered a marketing and distribution deal for a line of OTC pain relievers and fever reducers.

LANGHORNE, Pa. — Drug supply company ScripsAmerica has entered a marketing and distribution deal for a line of OTC pain relievers and fever reducers.

ScripsAmerica said Wednesday that it had made an agreement with DPG Distribution, which provides global sales, marketing and distribution for high-end retail consumer products, for the RapiMed line. DPG's clients include Walgreens, Target, ShopRite, Walmart and Costco. ScripsAmerica plans to launch RapiMed in September. Financial terms of the deal were not disclosed.

June 12, 2013

Workers for Iran's airline and embassy in Japan will have to go somewhere else for their big packages of paper towels.

ISSAQUAH, Wash. — Workers for Iran's airline and embassy in Japan will have to go somewhere else for their big packages of paper towels.

Costco Wholesale Corp. said it found and canceled four employees of the Embassy of the Islamic Republic of Iran in Japan and two employees of Iran Air in the United Kingdom who had business memberships with the club retailer. The embassy employees spent about $5,497 at the store, while the Iran Air members didn't spend any money, for a total profit of less than $168.

June 6, 2013

Costco's reported May sales of $8.13 billion, a 7% increase over May 2012, the club retailer said.

ISSAQUAH, Wash. — Costco's reported May sales of $8.13 billion, a 7% increase over May 2012, the club retailer said Thursday.

Comps for the month increased by 5% in the chain's 449 U.S. stores during the period between May 6 and June 2. For the 39-week period that ended June 2, sales were $77.13 billion, an 8% increase over $71.28 billion during the same period last year, while comps increased by 6%. On a regional basis, the company's stores in Texas, the Southeast and the Midwest showed the strongest results.

May 30, 2013

Costco Wholesale had sales of $23.55 billion in third-quarter 2013, an 8% increase over last year's $21.85 billion, as well as a 6% increase in same-store sales, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale had sales of $23.55 billion in third-quarter 2013, an 8% increase over last year's $21.85 billion, as well as a 6% increase in same-store sales, the club retailer said Thursday.

May 9, 2013

Costco sales grew 7% in April over April 2012, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales grew 7% in April over April 2012, the club retailer said Thursday.

Costco reported sales of $7.98 billion for the four weeks that ended Sunday, compared with $7.48 billion during the same period last year. Sales for the 35-week period that ended Sunday were $69 billion, 9% higher than the $63.59 billion recorded last year.

Sales in the United States at continuously open stores since last April increased by 4%, while same-store sales for the 35 weeks that ended Sunday increased 6%.

May 9, 2013

Costco Wholesale is touting its latest offering to members: its own travel agency.

ISSAQUAH, Wash. — Costco Wholesale Corp. is touting its latest offering to members: its own travel agency.

Costco Connection, the club retailer's monthly member magazine, featured on the cover a profile of Costco Travel, which offers travel packages to destinations ranging from Hawaii and Las Vegas to Europe and Tahiti.

April 22, 2013

In one of the most disturbingly iconic images to emerge from the recent terrorist attack in Boston, a runner who lost both legs in the blast is shown being rushed away by wheelchair.

NEW YORK — In one of the most disturbingly iconic images to emerge from the recent terrorist attack in Boston, a runner who lost both legs in the blast is shown being rushed away by wheelchair.

That runner, it turns out, is 27-year-old Costco Wholesale employee Jeff Bauman of New Hampshire. Following reports that Bauman was uninsured, based on comments a relative had made to a reporter, Costco took to Twitter to remind readers that he does, in fact, have insurance through the company.

April 22, 2013

The National Association of Chain Drug Stores Foundation announced the election of five new members to its board of directors.

ARLINGTON, Va. — Today, the National Association of Chain Drug Stores Foundation announced the election of five new members to its board of directors. Victor Curtis, SVP pharmacy of Costco Wholesale; Jon Giacomin, president of U.S. pharmaceutical distribution for the pharmaceutical group of Cardinal Health; John Poulin, director of professional relations of Lilly USA; Todd Tillemans, president of customer development at Unilever; and Richard Tremonte, VP sales and marketing of the U.S.

April 21, 2013

According to research, ownership of smartphones and tablets in particular have grown rapidly over the past couple of years, and that has created a multi-headed omnichannel hydra of a customer who retailers across all channels are desperately trying to appease.

According to research, ownership of smartphones and tablets in particular have grown rapidly over the past couple of years, and that has created a multi-headed omnichannel hydra of a customer who retailers across all channels are desperately trying to appease.

April 17, 2013

Costco and IRI announced Wednesday that they will change a program that the club retailer describes as a single, global solution for category, point-of-sale and supply chain tracking, as well as extend the program to Mexico.

CHICAGO — Costco and IRI announced Wednesday that they will change a program that the club retailer describes as a single, global solution for category, point-of-sale and supply chain tracking, as well as extend the program to Mexico.

April 11, 2013

Club retailer Costco Wholesale announced sales grew by 7% in March compared with March 2012, the company said.

ISSAQUAH, Wash. — Club retailer Costco Wholesale announced Thursday sales grew by 7% in March compared with March 2012, the company said.

Costco reported net sales for the month of $9.67 billion, compared with $9.07 billion during the same period last year.

For the 31-week period that ended on Sunday, sales were $61.02 billion, an 8% increase over the same period last year, when sales were $56.34 billion.

The Issaquah, Wash.-based chain currently operates 626 stores, including 449 in the United States.

 

April 11, 2013

An awards celebration this fall at the University of Missouri-Kansas City will honor the co-founder of Costco Wholesale, according to published reports.

NEW YORK — An awards celebration this fall at the University of Missouri-Kansas City will honor the co-founder of Costco Wholesale Corp., according to published reports.

The St. Louis Post-Dispatch reported Thursday that Jim Sinegal, who retired as the club retailer's CEO in January 2012, would be among the honorees of the university's 28th Annual Entrepreneur of the Year Awards celebration.

Sinegal founded Issaquah, Wash.-based Costco together with Jeff Brotman in 1983. The company now operates 626 stores, including 449 in the United States.

April 8, 2013

Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

NEW YORK — Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

The Southern Metropolis Daily, a newspaper based in the southern Chinese city of Guangzhou, reported Thursday that the Issaquah, Wash.-based club retailer was interested in entering the country's e-commerce market and was in the process of looking for local partners.

April 5, 2013

Starting this month, the more than 8.6 million readers of Costco Wholesale's member magazine will be able to use smartphones and tablets to scan more than 50 digital watermarks included in articles and ads.

BEAVERTON, Ore. — Starting this month, the more than 8.6 million readers of Costco Wholesale's member magazine will be able to use smartphones and tablets to scan more than 50 digital watermarks included in articles and ads.

March 19, 2013

Based on a study of 10,000 U.S. consumers, Sam's Club and Amazon earned the top spots in the retail sector of the "2013 Temkin Experience Ratings," the Temkin Group announced Tuesday.

WABAN, Mass. — Based on a study of 10,000 U.S. consumers, Sam's Club and Amazon earned the top spots in the retail sector of the "2013 Temkin Experience Ratings," the Temkin Group announced Tuesday. 

Six additional retailers were in the top 20 overall, including Costco, which was tied for the No. 13 spot with Nordstrom. Four retailers tied for the No. 20 spot, including BJs Wholesale, Dollar Tree, PetSmart and Walgreens. Thirty-six out of the 44 retailers in the study earned a "good" or "excellent" rating.

March 15, 2013

Costco Wholesale will expand its Issaquah, Wash., headquarters, according to published reports.

NEW YORK — Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to published reports.

The Seattle Daily Journal of Commerce reported Friday that Issaquah's director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million square feet.

The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.

March 12, 2013

Costco Wholesale increased sales by 8% to $24.34 billion in the second quarter of 2013, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale increased sales by 8% to $24.34 billion in the second quarter of 2013, the club retailer said Tuesday.

Sales for the first half of the fiscal year were $47.55 billion, a 9% increase over the first half of fiscal year 2012. The company's U.S. business had same-store sales of 5% for the quarter and 6% for the first half of the year, while profits were $547 million, compared with $394 million last year. Profits for the first half of the year were $963 million, compared with $714 million last year.

March 7, 2013

Costco's sales increased 8% to $7.58 billion in February, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales increased 8% to $7.58 billion in February, the club retailer said Thursday.

For the 26-week period that ended Sunday, the chain reported sales of $51.35 billion, a 9% increase over February 2012. Comps for the company's U.S. stores increased 6% during the month and also during the past 26-week period.

March 6, 2013

Costco Wholesale is throwing its support behind a bill introduced in Congress to raise the federal minimum wage.

WASHINGTON — Club retailer Costco Wholesale is throwing its support behind a bill introduced in Congress Tuesday to raise the federal minimum wage.

February 26, 2013

Several pharmacy retailers got top place in a recent consumer satisfaction survey.

ANN ARBOR, Mich. — Several pharmacy retailers got top place in a recent consumer satisfaction survey.

A report released Tuesday by the American Customer Satisfaction Index ranked Rite Aid at the top among drug store chains, with a score of 77, a 3% improvement over last year. Walgreens gained 1%, for a score of 76, while CVS ranked 75, a 3% gain. The survey noted that CVS hit a low two years ago due to cost-cutting efforts.