Club & Warehouse

Bentonville, Ark. -- Wal-Mart Stores Inc. on Tuesday posted the first quarterly revenue gain in its U.S. namesake business in more than two years, but the discounter's profit was down 2.9%. Profit for the quarter ended Oct. 31 was $3.33 billion, missing Wall Street expectations.

BENTONVILLE, Ark. — Sam's Club has revealed 60 featured deals for its annual, members-only Day After Thanksgiving Event (D.A.T.E.). The event will take place at all Sam's Club locations nationwide at 5 a.m. on Friday, Nov. 25.

Members who participate in the event will be able to enjoy complimentary breakfast from 5 a.m. to 8 a.m. In addition, shoppers who join Sam's Club or upgrade to Plus Membership while in-club through the weekend will receive a $20 gift card.

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.

BENTONVILLE, Ark. — Sam's Club announced that it is inviting customers to "try before they buy" and plan their holiday menus at the ninth annual Holiday Taste of Sam's Club event. Showcasing dozens of food and beverage items at multiple sampling booths in each of its 610 Sam's Club locations, the event takes place from 11:00 a.m. to 6:00 p.m. each day from Friday Nov. 18 through Sunday Nov. 20.

BENTONVILLE, Ark. — Members of the military can enjoy savings at Sam's Club with the introduction of a new membership offering.

The retailer said that when military personnel — including those active or retired, their spouses and civilian military employees — join or renew as an advantage member or advantage plus member, the company will provide them with a $15 Sam's Club gift card to each primary membership.

Proof of military identification is required and the offer cannot be combined with any other membership offers, Sam's Club noted.

Boston -- Grossman Development Group said Friday that Mark Hebert has joined the company as VP development. 

Hebert was previously project development manager for WS Development. Prior to WS, Hebert spent nearly 10 years at BJ’s Wholesale Club, starting as a store planner and becoming a site development manager.
 

ISSAQUAH, Wash. — Costco Wholesale reported net sales of $7.01 billion for the month of October, the four weeks ended Oct. 30, 2011, an increase of 11% from $6.3 billion during the similar four-week period last year.

Total comparable-club sales for the month were up 9%. U.S. comparable-store sales were up 9%, while international comps rose 8%. Excluding the impact of fuel and foreign currencies total comps rose 7%, U.S. comps rose 6% and international comps rose 9%.

NEW YORK — Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season. Eleven retailers missed expectations for same-store sales, while three chains beat estimates, according to a preliminary tally by Thomson Reuters. However, while the October results were not as promising as some retailers had hoped, sales for the most part rose and most chains reported results that were only slightly off from analysts’ estimates. Some analysts blamed Wall Street for underestimating how much caution is still out there.