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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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Gap expands e-commerce service to Japan
SAN FRANCISCO — Gap Inc. is expanding its e-commerce service to Japan. Japaese customers can now shop Gap and Banana Republic products online through its new Japanese e-commerce sites (gap.co.jp and bananarepublic.co.jp). The sites offer Gap, GapKids, babyGap and Banana Republic products.