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Costco comps, profits up in Q1
ISSAQUAH, Wash. — Costco Wholesale reported that net sales for the first quarter of 2012 increased 13% to $21.18 billion from $18.82 billion during the first quarter of fiscal 2011.
Total comps for the quarter increased 10%, which included a 10% increase in U.S. comps and an 11% increase in international comps.
Excluding the impact of fuel and strengthening foreign currencies, total comps for the quarter were up 7%, U.S. comps rose 6% and international comps rose 10%.
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Call for Entries: Retail Store of the Year Design Competition
New York City -- Chain Store Age invites design firms, architects, retailers and suppliers to submit entries for its 30th annual Retail Store of the Year Design Competition. Eligible projects are those completed between November 2010 and December 2, 2011. Deadline for submission is December 20, 2011. Extensions are available.
Twenty-one competition categories are featured, ranging from supermarkets and discount/mass merchants to specialty stores and pop-up stores.