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Tag: Costco

Costco Contributes $25 Million To Black-Led Community Development

Costco is committing $25 million to an investment fund designed to empower black-led financial institutions and community development efforts. The Local Initiatives Support Corporation (LISC) rolled out the Black Economic Development Fund earlier in the summer and is encouraging companies to make investments designed to improve economic opportunity for Black Americans. The fund seeks to …

Costco Contributes $25 Million To Black-Led Community DevelopmentRead More

Retail Roundup—Costco changes menu; Alibaba, Guess open store

L.L. Bean to open outdoor workspace L.L. Bean will test an outdoor workspace pop-up in Madison, Wisconsin. In partnership with Industrious, the retailer will set up a glassy, open office with patios and business furniture and unique pieces such as a three-set cycling desk. (Milwaukee Journal Sentinel) BJ’s implements PayPal for online checkout BJ’s Wholesale …

Retail Roundup—Costco changes menu; Alibaba, Guess open storeRead More

US could end up with three retailers — Amazon, Walmart, Costco

CNBC’s Jim Cramer said Friday he fears that the coronavirus-driven halt in the economy could leave the U.S. with only three retailers after the crisis ends. “If we come out of this sooner, then other, small businesses can open. If we come out of this later, there are going to be three retailers in this country,” …

US could end up with three retailers — Amazon, Walmart, CostcoRead More

Costco gets a sales boost from the coronavirus

People load Clorox into their car in the Costco parking lot after the first confirmed case of coronavirus was announced in New York State, in Brooklyn, New York, March 2, 2020. Andrew Kelly | Reuters Costco reported stronger sales than analysts were expecting Thursday, thanks in part to a boost the company received from consumers stocking …

Costco gets a sales boost from the coronavirusRead More

Shoppers flock to Costco over coronavirus fears, analyst expecting sales boost

Shoppers visit a Costco Wholesale in Tigard, Ore., Saturday, Feb. 29, 2020, after reports of Oregon’s first case of coronavirus was announced in the nearby Oregon city of Lake Oswego on Friday. Gillian Flaccus | AP Shoppers lined up in throngs at Costco stores across the country this weekend, stocking up on cases of water, trail mix, …

Shoppers flock to Costco over coronavirus fears, analyst expecting sales boostRead More

Retail Roundup—Costco changes menu; Alibaba, Guess open store

L.L. Bean to open outdoor workspace L.L. Bean will test an outdoor workspace pop-up in Madison, Wisconsin. In partnership with Industrious, the retailer will set up a glassy, open office with patios and business furniture and unique pieces such as a three-set cycling desk. (Milwaukee Journal Sentinel) BJ’s implements PayPal for online checkout BJ’s Wholesale …

Retail Roundup—Costco changes menu; Alibaba, Guess open storeRead More

Costco strong in January | Chain Store Age

Costco Wholesale Corp. came strong out of the gate in the first month of the year. The membership warehouse club retailer reported net sales of $11.57 billion for the four weeks ended February 2, 2020, up 8% from $10.71 billion in the year-ago period. Total same-store sales (excluding the impact of gasoline and foreign exchange) …

Costco strong in January | Chain Store AgeRead More

Costco strong in January | Chain Store Age

Costco Wholesale Corp. came strong out of the gate in the first month of the year. The membership warehouse club retailer reported net sales of $11.57 billion for the four weeks ended February 2, 2020, up 8% from $10.71 billion in the year-ago period. Total same-store sales (excluding the impact of gasoline and foreign exchange) …

Costco strong in January | Chain Store AgeRead More

Costco Q1 sales miss amid Thanksgiving web site snafu; earnings top Street

A web site outage that occurred over Thanksgiving weekend took a bite out of Costco Wholesale’s first quarter sales.  The retail giant reported earnings of $844 million, or $1.90 a share, for the quarter ended Nov. 24, compared to $767 million, or $1.73 per diluted share, last year. Analysts were expecting $1.71 a share. Net sales rose 5.6% to …

Costco Q1 sales miss amid Thanksgiving web site snafu; earnings top StreetRead More

Costco has a China problem — and it’s not tariffs

Costco has a problem in China, but it has nothing to do with tariffs, CNBC’s Jim Cramer said Friday.e problem is Shanghai, a city of nearly 25 million people, has only one Costco store, the “Mad Money” host said. Pair it with Costco’s ability to deftly handle tariffs in the U.S.-China trade war, and it …

Costco has a China problem — and it’s not tariffsRead More