-
California puts crimp in Costco in April
Slow traffic at its California stores proved a drag for Costco Wholesale Corp. in April.
The retailer reported flat same-store sales in April, below analysts’ estimates of a 1.2% increase.
Total sales in April rose 3% to $8.98 billion, helped by strength in Canada.
Excluding gasoline-price fluctuations and currency exchange rates, U.S. same-store sales rose 2%, below estimates for growth of 3.4%. Same-store sales in Canada increased 2% overall and 7% when excluding gas prices and currency.
-
David’s Bridal enters into its first franchise agreement
David’s Bridal is expanding south of the border.
The bridal and special occasion retailer is partnering with Diltex, a leading manufacturer and retailer of intimate apparel in Mexico, to open its first franchise location, in Mexico City.
The store is expected to open by the end of 2016 with additional franchise locations planned to open over the next five years across the country.

