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Costco Wholesale Corp.

  • Costco plans special cash dividend payout on Dec.7; November sales beat Street

    Issaquah, Wash. -- Costco Wholesale Corp. on Wednesday said it will pay a special dividend worth some $3.0 billion to investors, sending cash to its shareholders ahead of a likely increase in the dividend tax. The chain also posted monthly same-store sales that beat analysts' expectations.

    “Our strong balance sheet and favorable access to the credit markets allow us to provide shareholders with this dividend,” Costco CFO Richard Galanti said in a statement.

  • Hurricane Sandy to Affect Holiday Sales Only Slightly, and to the Positive

    By Craig Johnson, [email protected]

  • More junk science from Consumer Reports

    Walmart will sell a bazillion electronics products this holiday season, no thanks to Consumer Reports which rates the company last as a CE destination.

    Apple and Costco were ranked one and two as the best venues for CE items followed by a bizarre classification called "independents," considering the CE space is dominated by chains. The Army and Air Force Exchange Service (AAFES) and Sam’s Club ranked highly. Walmart was last among the 14 physical retailers ranked with a score of 81, compared to Apple and Costco at 92.

  • TJX shines among discounters in October

    New York -- The TJX Cos. turned in the strongest performance among the discounters in October, reporting a 7% comp sales increase on Thursday.

    According to TJX CEO Carol Meyrowitz, the above-plan performance has prompted the retailer to raise its outlook for the third quarter and full year. “We believe the momentum we are seeing in all of our businesses … bode well for the holiday selling season,” she said.

    TJX sales for the period advanced 11% to $2.1 billion.

  • Costco October sales up 9%

    ISSAQUAH, Wash. — Costco's sales for October rose 9% to $7.67 billion from $7.01 billion during the similar period last year.

    Total comps for the month increased 7%, consisting of a 7% increase in the United States, and a 9% increase internationally. Excluding the impact of fuel, U.S., international and total same-store sales increased by 5% each.

  • Ross to open urban store in mixed-use center

    Peoria, Ill. -- Cullinan Properties Group, developer of the East Peoria (Ill.) Downtown development, said Friday that Ross Dress for Less will open a 25,000-sq.-ft. junior-anchor store at the mixed-use project, joining previously announced Target, Costco, Ulta and Gordman’s.

    Red Robin Gourmet Burger will open a 4,001-sq.-ft. restaurant and dental chain Heartland Dental Care will open in a 2,700-sq.-ft. space.

  • Sam’s sweetens membership offer for Texans

    Just 10 months into her job as president and CEO of Sam’s Club Rosalind Brewer is making major changes to member benefits and implementing a $5 fee increase.

    During a presentation at Walmart’s annual analysts’ conference on Wednesday Brewer recapped Sam’s performance, outlined a growth strategy involving a 2013 net increase of between 10 and 15 new clubs and described a wide range of enhancements to Sam’s two membership tiers.

  • Costco ends year with strong sales, earnings

    ISSAQUAH, Wash. — Costco reported fourth-quarter sales of $31.52 billion, an increase of 14% from $27.59 billion for the same period last year.

    Net income for the quarter was $609 million, or $1.39 per diluted share, compared with $478 million, or $1.08 per diluted share, during the fourth quarter of fiscal 2011.

    Comparable-store sales, excluding fuel, rose 6% at U.S. stores, 7% internationally and 6% for the total company.

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