Costco reportedly to expand HQ

ISSAQUAH, Wash. — Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to a regional news reports.

According to the Seattle Daily Journal of Commerce, Issaquah's director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million square feet.

The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.

The plan comes on the heels of announced second quarter 2013 sales that increased 8% and profits that increased to $547 million, from $394 million last year, meeting or exceeding Wall Street analysts' estimates.