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Costco Q4 profit tops Street
Costco Wholesale Corp. reported a higher-than-expected profit for the fourth quarter. In related news, shoppers opened 730,000 new credit card accounts since the Visa cards went live in June, Costco executives said on a conference call with analysts. (In June, Costco ended its longstanding relationship with American Express and switched to Visa.) Net income rose to $779 million, or $1.77 per share, in the fourth quarter ended Aug. 28, from $767 million, or $1.73 per share, a year earlier. -
More retailers close their doors on Thanksgiving
In line with Staples, more retailers are choosing to turkey over Thanksgiving Day sales. Retailers across a variety of categories — from club stores and discount chains to department stores — are letting “their employees enjoy the holiday with their families instead of staffing the cash registers” on Thanksgiving, according to a story in the Sun Herald.

