The Puget Sound Business Journal (Free subscription) | yesterday
Comparable-store sales last month fell at both Nordstrom Inc. and Costco Wholesale Corp., but not enough to frighten analysts. (JWN) (COST)
Philadelphia Inquirer (Free subscription) | 8 hours ago
... at stores open at least a year and are considered a key indicator of a retailer's health.However, Costco Wholesale Corp., usually a strong performer, reported a bigger-than-expected 5 percent drop in same-store sales. Target Corp., which has been stumbling as its merchandise focuses more on nonessentials such as trendy clothes, reported a 10.4 percent drop.Most mall-based chains...
The Portland Business Journal (Free subscription) | yesterday
Comparable-store sales last month fell at both Nordstrom Inc. and Costco Wholesale Corp., but not enough to frighten analysts. (JWN) (COST)
Reuters (Free subscription) | yesterday
(Reuters) - Costco Wholesale Corp on Thursday said its November sales fell 3 percent to $5.55 billion.
Xinhuanet (Free subscription) | yesterday
... the steepest decline in eight years. The first November sales reports showed deep declines. Costco Wholesale Corp., usually a strong performer, said it had a drop in same-store sales twice as large as analysts forecast. And many other retailers saw a double-digit decline in sales. However, Wal-Mart, the world's largest retailer, said November sales rose 3.4 percent, exceeding previous...
Reuters (Free subscription) | yesterday
NEW YORK (Reuters) - Starbucks Corp said on Thursday it would take new steps to save on costs and keep its fundamental strategy unchanged despite a U.S. recession, sending the coffee shop operator's shares up 8 percent.
Seattle Post-Intelligencer (Free subscription) | 11 hours ago
... as shoppers worried about layoffs and shrinking retirement funds and focused on necessities.Costco Wholesale Corp., usually a strong performer, reported a bigger-than expected 5 percent drop in same-store sales. Target Corp., which has been stumbling as its merchandise focuses more on nonessentials such as trendy clothes, reported a 10.4 percent drop.And most mall-based chains...
Market Watch (Free subscription) | yesterday
TEL AVIV (MarketWatch) -- Costco Wholesale Corp., the Issaquah, Wash., warehouse retailer, reported that in November, comparable-store sales fell 5%. Total sales fell 3% to $5.55 billion from $5.72 billion in the year-earlier period. Same-store sales -- revenue from stores open at least a year, to eliminate the effects of new and closed stores -- were off 2% in the U.S. and 15% internationally,...
San Fransisco Chronicle (Free subscription) | 16 hours ago
Among the many retailers that reported sales figures today, Wal-Mart Stores Inc. remained one of the few bright spots, with a sales gain of 3.4 percent last month compared with the same month a year ago. But virtually all retailers faltered, even such stalwarts as Costco Wholesale Corp., which posted a sales decline of 5 percent.Heavy discounts lured consumers to malls and shops on what's...
Law Blog - WSJ.com (Free subscription) | yesterday
The group includes representatives of eBay Inc., Costco Wholesale Corp., online retailers and consumer groups, as well as Federal Trade Commissioner Pamela Jones Harbour and congressional officials. Also at the meeting will be one of the owners of Kay's Kloset, a Dallas-area retail shop that was the loser in the Supreme Court case, who contends the ruling forced him out of business.
Star Tribune (Free subscription) | yesterday
Among the beneficiaries of that was Wal-Mart Stores Inc., which posted sales results that beat Wall Street estimates and predicted that sales for established stores for the current month should be at the high end of estimates. However, Costco Wholesale Corp., usually a strong performer, reported a bigger-than expected sales decline. And mall-based stores such as teen stalwart Abercrombie...
MSNBC.com (Free subscription) | yesterday
Among the beneficiaries of that was Wal-Mart Stores Inc., which posted sales results that beat Wall Street estimates. However, Costco Wholesale Corp., usually a strong performer, reported a bigger-than expected sales decline. And mall-based stores such as Limited Brands Inc., Bon-Ton Stores Inc. and Pacific Sunwear of California Inc. fared much worse.
Law Blog - WSJ.com (Free subscription) | 15 hours ago
At a closed-door meeting whose attendees included representatives of auctioneer eBay and discount retailer Costco Wholesale Corp., opponents decided to lobby for a bill now pending in Congress that would make minimum-pricing agreements a violation of antitrust law. EBay offered free use of its site for the campaign so it ...
Star Tribune (Free subscription) | yesterday
... customers by name, where they live and their favorite drinks.The company is also working with Costco Wholesale Corp. to offer consumers cards in bulk. Davenport said Starbucks expects to see $25 million in sales in January from the Costco deal once consumers begin to redeem the cards they receive as gifts during the holiday season.The tough economy, with consumers focused on stretching...
Seattle Times (Free subscription) | yesterday
Among the beneficiaries of that was Wal-Mart Stores Inc., which posted sales results that beat Wall Street estimates and predicted that sales for established stores for the current month should be at the high end of estimates. However, Costco Wholesale Corp., usually a strong performer, reported a bigger-than expected sales decline. And mall-based stores such as teen stalwart Abercrombie...
