costco

Costco Comparable Sales Rose 7% in August

Costco Wholesale Corporation (COST) reported a 7% increase in sales at stores open at least one year in August, boosted by higher gasoline prices and stronger foreign currencies. A survey of analysts by Thomson Reuters forecast an increase of 4.2%

How Many Workers Can You Hire for the Price of One CEO?

CEOs at some large public companies earn more per day than their employees earn over the course of an entire year. We took a look at some of the country's most well-known companies and calculated just how many workers the CEO's annual paycheck could afford to hire.

Consumers Cut Back on Spending in May

Retailers are reporting tepid business in May after cool weather and fresh concerns about the economy had shoppers cutting spending on clothing and other nonessentials.

Costco Earnings Surge 46%, Top Estimates

Costco Wholesale Corp.'s profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose. The largest U.S. wholesale club operator said Thursday that it earned $306 million, or 68 cents per share. That's up from $210 million, or 48 cents per share, a year ago. Revenue rose 12 percent to $17.78 billion.

Healthier Retail Sales, but Will It Last?

Many retailers have raised guidance for their upcoming first-quarter earnings reports and saw modest gains in April sales. But stores warn that May could be a weak month due to a late Memorial Day this year. And concerns remain over the health of consumer demand.

Consumers Took a Breather From Shopping in April

Early reports from retailers show that Americans took a breather from their March shopping spree in April, partly due to an earlier Easter. So far, discounters, including Costco, are emerging as the biggest winners.

Retail Sales Get Holiday Boost

The nation's retailers are reporting signs of life in December sales figures that show modest holiday gains. Several are raising profit outlooks because they didn't have to resort to drastic price-cutting because of lean inventories.

Retailers: More Customers Using Food Stamps

Retailers are adjusting to an increasing number of customers buying food with food stamps. Some stores have had to change they way to do business to accommodate shoppers on food stamps, who flood the stores on the first day of the month, when the benefits arrive.

An Early Christmas Gift
for Retailers

The Commerce Department's monthly sales tally for November showed unexpected pockets of strength among retailers, including car dealers and online sales. Most retail categories posted higher sales, except clothing and housewares.

Want Coke? Not at Costco

Costco wholesale clubs won't be selling Coca-Cola products any longer. The chain is reportedly dropping the brand due to a dispute over pricing.

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