-
Costco and Target report solid increases, but fall short of Street
New York City -- Costco Wholesale Corp. reported a 9% increase in same-store sales in October, helped by strong performances in the United States and abroad, just short of the 9.2% increase predicted by analysts.
Costco’s same-store U.S. sales rose 9% and were up 8% overseas. Taking out inflation in gas prices and a slightly negative impact from foreign currencies, the metric increased 6% in the United State and 9% internationally.
-
Bloomingdale’s to open store in Glendale, Calif.
New York City -- Macy’s said Thursday that it will a full-line Bloomingdale’s in Glendale Galleria in Glendale, Calif., in fall 2013.
The 120,000-sq.-ft., two-level store will headline an upscale redevelopment of the center being planned by its owner, General Growth Properties. The top two floors of the former Mervyn’s location will be entirely remodeled by Bloomingdale’s, with construction expected to begin in 2012.