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PriceSmart's Q4 profit dips 4%
San Diego -- PriceSmart Inc. reported Thursday that profit for the fourth quarter dipped 4% to $12.7 million from $13.2 million a year earlier, as higher costs offset stronger sales.
The wholesale club operator’s total revenue surged 22% to $447.4 million. Same-store sales rose nearly 19% in October. -
Cyber Monday the new Black Friday
LOS ANGELES — Retailers would be wise to focus more of their efforts on Cyber Monday this year, at least according to new research from IBISWorld, which found that Cyber Monday sales are expected to increase 12.4%. The firm expects Black Friday sales will only see marginal growth as consumers continue to move away from brick-and-mortar shopping.