Content about Issaquah, Washington

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 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 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 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.

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.

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 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.

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 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.

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.

February 15, 2013

Jewelry maker Tiffany & Co. is suing Costco Wholesale, alleging that the club retailer falsely marketed diamond engagement rings as coming from the New York-based jeweler, according to published reports.

NEW YORK — Jewelry maker Tiffany & Co. is suing Costco Wholesale, alleging that the club retailer falsely marketed diamond engagement rings as coming from the New York-based jeweler, according to published reports.

News media reported that Tiffany filed suit against Issaquah, Wash.-based Costco in the Federal District Court in Manhattan.

February 7, 2013

Costco's sales increased 7% in January compared with January 2012, the club retailer said.

ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales increased 7% in January compared with January 2012, the club retailer said Thursday.

Costco reported sales for the five weeks that ended Sunday of $9.35 billion, compared with $8.74 billion a year ago. The month was one day shorter than last year due to the timing of the New Year holiday, which reduced total and same-store sales by about 2%, the company said. Comps in U.S. stores were up by 6%.

October 9, 2012

"MIA" usually stands for "missing in action," but according to published reports, some consumers south of the U.S. border take it to stand for something that Americans may consider cause for celebration.

NEW YORK — "MIA" usually stands for "missing in action," but according to published reports, some consumers south of the U.S. border take it to stand for something that Americans may consider cause for celebration.

August 30, 2012

Club retailer Costco Wholesale posted sales of $7.4 billion for the month of August, reporting an 8% sales increase over August 2011 and an increase in comps that beat analysts' expectations.

ISSAQUAH, Wash. — Club retailer Costco Wholesale posted sales of $7.4 billion for the month of August, reporting an 8% sales increase over August 2011 and an increase in comps that beat analysts' expectations.

Same-store sales for the chain during the four-week period that ended Sunday increased by 6% over the same period a year ago, reaching the high end of Citi's forecast of 4% to 6% and exceeding Guggenheim Partners' 4% forecast.

July 5, 2012

Costco Wholesale reported net sales of nearly $9.2 billion for the month of June, an increase of 6% from the similar period last year.

ISSAQUAH, Wash. — Costco Wholesale reported net sales of nearly $9.2 billion for the month of June, an increase of 6% from the similar period last year.

Overall comparable sales for the period were 3%. U.S. comps also were 3%, while international comps were 2%.

Both year's five-week periods included 34 days in the U.S. and Canada (U.S. warehouses closed Memorial Day; Canadian warehouses closed July 1, Canada Day).

June 15, 2012

Costco Wholesale has agreed to buy out Controladora Comercial Mexicana's 50% share interest in Costco de Mexico, a joint venture, for about $760.4 million.

ISSAQUAH, Wash., and MEXICO CITY — Costco Wholesale has agreed to buy out Controladora Comercial Mexicana's 50% share interest in Costco de Mexico, a joint venture, for about $760.4 million.

In addition, Costco Mexico has declared a cash dividend of approximately $340.85 million, 50% payable to a subsidiary of Costco Wholesale and 50% to CCM. Costco Wholesale will use the dividend proceeds and existing cash and investment balances to fund the purchase. CCM will use the dividend and sale proceeds to pay down debt.

May 24, 2012

Costco reported net sales of nearly $21.9 billion for the third quarter, an 8% increase over sales of about $20.2 billion for the same period last year.

ISSAQUAH, Wash. — Costco reported net sales of nearly $21.9 billion for the third quarter, an 8% increase over sales of about $20.2 billion for the same period last year.

Comparable-club sales for the quarter increased 5%, which consisted of a 5% increase in the United States and a 5% increase internationally. Excluding the impact of fuel, total comps were still up 5%, however U.S. comps were 4% and international comps were 8% when adjusted for gasoline inflation.

December 13, 2011

Costco Wholesale Corp. reported sales of $21.18 billion and profits of $320 million during first quarter 2012, according to an earnings statement.

ISSAQUAH, Wash. — Costco Wholesale Corp. reported sales of $21.18 billion and profits of $320 million during first quarter 2012, according to an earnings statement.

December 7, 2011

The state government of Washington is set to bow out of the liquor business on June 1 thanks to a ballot initiative that passed last month, but two labor unions are hoping to stop it, according to published reports.

NEW YORK — The state government of Washington is set to bow out of the liquor business on June 1 thanks to a ballot initiative that passed last month, but two labor unions are hoping to stop it, according to published reports.

October 25, 2011

Costco Wholesale's donations to a Washington state voter initiative that would legalize liquor sales by private retailers have broken state records, according to published reports.

ISSAQUAH, Wash. — Costco Wholesale's donations to a Washington state voter initiative that would legalize liquor sales by private retailers have broken state records, according to published reports.

September 1, 2011

Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.

ISSAQUAH, Wash. — Costco’s legendary co-founder Jim Sinegal is stepping down as CEO.