Discount stores shares mixed after February sales report Discount stores reported better-than-expected February sales figures on Thursday, as consumers continued to respond to low prices as they shopped for spring merchandise in the midst of winter storms. Target Corp. said sales in ...
Summary Box: Wholesale club operators see modest gains against grocers THE QUARTER: Costco Wholesale Corp. and BJ's Wholesale Club Inc.'s quarterly profits grew while many grocers struggle. THE STRATEGY: They got a boost from gasoline prices and foreign exchange. But generally keep ...
Costco Wholesale 2nd-quarter profit climbs; revenue rises on higher gas prices, softer dollar Strong overseas sales growth and increased gasoline prices boosted Costco Wholesale Corp.'s revenue in the second quarter, helping send the warehouse club operator's profit up 25 percent. Costco reported ...
Summary Box: Costco Wholesale reports fiscal 2nd-quarter financial results Costco Wholesale Corp., based in Issaquah, Wash. reported results for its fiscal second quarter on Wednesday. PROFIT: Increased 25 percent to $299 million, or 67 cents per share. That includes a 3-cent charge ...
Whoelesale club operators see steady but modest gains against grocers PORTLAND, Ore. — A steady stream of shoppers looking for deals on necessities has helped wholesale club operators Costco Wholesale Corp. and BJ's Wholesale Club Inc. deliver profit gains while many of ...
Costco's CFO discusses competition among retailers The down economy has caused a major shift in consumer spending. As shoppers cut back on how much they spend, they've become much more selective about where they spend those dollars — looking specifically to retailers ...
SAN FRANCISCO/NEW YORK (Reuters) - A revival of consumer cost concerns did not boost results enough for the biggest U.S. warehouse clubs, as margin constraints weighed on Costco Wholesale Corp <COST.O>, while BJ's Wholesale Club Inc<BJ.N> faced pricing pressure from rival supermarket ...
(Reuters) - Costco Wholesale Corp <COST.O> on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes. The No. 1 U.S. warehouse club ...
CHICAGO (Reuters) - Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year. Retailers that were ...
Costco to report 2nd quarter results on Wednesday Costco Wholesale Corp. reports its second-quarter results before the stock market opens Wednesday. WHAT TO WATCH FOR: Any signs customers are buying more discretionary items. Costco, the wholesale buying club based in Issaquah, Wash., ...
