Tag Archives: Costco

Costco Q3 Net Edges Up 3.1 Percent

Costco

ISSAQUAH, Wash.-Upbeat sales, on both a total and same-club basis, helped Costco to a 3.1 percent increase in third-quarter net income, to $473 million. Net sales in the quarter, which ended on May 11, rose 7.1 percent to $25.2 billion, including a companywide 4 percent increase in same-club sales (5 percent for its U.S. clubs).More »

Last updated: May 29, 2014

Costco Q2 Net Falls 15.4 Percent

Costco

ISSAQUAH, Wash.-Weak sales and margins in certain product categories led to a 15.4 percent slide in Costco’s second-quarter net income, which totaled $463 million. Net sales in the quarter, which ended on Feb. 16, rose 5.8 percent to $25.6 billion, including a same-club sales increase of 3 percent. Gross margin slipped eight basis points toMore »

Last updated: March 6, 2014

Sinegal, Costco Co-founder, to Receive NRF Gold Medal

Jim Sinegal

WASHINGTON-Jim Sinegal, Costco’s co-founder a member of the retailer’s board, will receive the Gold Medal Award during the National Retail Federation’s Retail’s Big Show. Sinegal served as Costco’s first president and CEO from the company’s inception in 1983 until 2012. Under this leadership, Costco grew to encompass more than 645 warehouse clubs in 42 states,More »

Last updated: January 10, 2014

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Last updated: December 20, 2013

Costco Q1 Net Edges Up 2.2 Percent

Costco

ISSAQUAH, Wash.-With expenses rising faster than sales, Costco reported first-quarter net income of $425 million, up just 2.2 percent from last year’s first quarter. The bottom line felt the impact of reduced gross margin and rising operating expenses. A 5.3 percent increase in merchandise costs cut 166 basis points from Costco’s gross margin, which finishedMore »

Last updated: December 11, 2013

Costco Q1 Sales Pick Up 5 Percent

Costco

ISSAQUAH, Wash.-Costco said its sales for the first quarter ending on Nov. 24 rose 5 percent over its first quarter of last year, to $24.5 billion, according to a preliminary report from the warehouse-club retailer. The company also said sales for the 13 weeks ending on Dec. 1 were $26.8 billion, up 6 percent fromMore »

Last updated: December 5, 2013

In the Public Eye

Duke Ratliff

Remember the ’80s song “Somebody’s Watching Me?” The lyrics for the Michael Jackson-like ditty went: “I always feel like somebody’s watching me.” Well, I nominate that almost-forgotten tune to be the song of summer 2013 for decision makers of all shapes and sizes. If recent events are any indication, if it feels like somebody isMore »

Last updated: September 10, 2013