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Costco Wholesale Corp.

  • Costco's July comps slide 2%

    Costco's comparable sales for the month of July declined 2%, with a 3% decrease in U.S. a 3% rise in Canada and other decreases internationally.  

  • New Sam’s Club store provides seamless shopping

    A Sam’s Club location opening in Columbia, South Carolina, will be among the first to offer a new mobile payment option.  

  • Publix teams up with Instacart on grocery delivery

    Publix is joining Costco, Whole Foods and other retailers in providing grocery delivery service through a partnership with Instacart.   Publix announced Wednesday that it would begin its Instacart service in select areas of Miami beginning July 12. Instacart is an e-commerce and delivery service that allows customers to place their grocery orders online and have their items delivered right to their doorsteps. Customers can place orders by visiting www.instacart.com/publix.  

  • Costco flips the credit card switch

    The American Express card is now history at Costco Wholesale Club.    As of June 20, Costco is accepting only Visa-branded credit cards chain wide.   The retailer made headlines last year when it announced that, after 16 years, it was dropping American Express as its exclusive credit card provider and switching to Visa.   

  • Merchandise with Meaning

    Image Courtesy: news.nike.com

  • May same-store sales fizzle

    With a couple of exceptions, May same-store sales figures reported by several major apparel, specialty and discount chains were less than impressive.

    First the good news. Bath & Body Works reported a 3% same-store sales lift for May 2016 compared to the same month a year earlier. Same-store sales at Costco Wholesale Corp. and L Brands were flat, which may not sound that encouraging but was better than most other retailers reporting figures for the month.

    Here is a roundup of other chains reporting negative same-store sales growth for the month.

  • Costco Q3 income tops forecasts

    Costco Wholesale Corp. exceeded Wall Street expectations with improved net earnings in the third quarter of fiscal 2016.
     
    Net income for the quarter totaled a better-than-expected $545 million, up 6% from $516 million the prior-year period.

    Net sales increased 2% to $26.15 billion, just short of forecasts, and up from $25.52 billion last year.

  • The retailer with the best customer experience is…

    Supermarkets and fast-casual restaurant brands took the top positions in an annual ranking of customer experience.   Publix, Chick-fil-A, and H-E-B earned top three positions in Temkin Group’s 2017 Temkin Experience Ratings, a cross-industry benchmark of customer experience.     Publix had a score of 84%, closely followed by Chick-fil-A and H-E-B, which both scored 83% in the seventh annual rating.  
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