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Costco
Costco is a U.S. multinational corporation which operates a chain of membership-only warehouse clubs.
Costco's October Sales Up Nearly 16 Pct. YOY
November 5, 2020
Costco Wholesale Corp. recently reported that its eCommerce sales spiked 90.6 percent in its fourth quarter.
The retail giant remains on a roll in October. Costco reported in a news release on Wednesday (Nov. ...Costco Reports 90.6 Pct Spike In eCommerce Amid Pandemic
September 24, 2020
Costco Wholesale Corp. reported on Thursday (Sept. 24) that its eCommerce sales spiked 90.6 percent in its fourth quarter.
The wholesale club also reported an increase in U.S. comp sales of ...Grocery Roundup: DSW Tries Selling Shoes In Supermarkets, Amazon Fresh Expands, Costco Misses An Opportunity
September 24, 2020
The race among the nation’s grocers carried on this week, as the big names continued attempting to expand their influence throughout the sector. Well … almost all of the big ...The Tiffany-Costco Counterfeit Dispute Is Back
August 19, 2020
Counterfeit goods on online marketplaces have seen an explosion amid COVID-19 from both those who attempt to pass off fakes and the platforms that try to block them. But this week has seen ...Costco Plans For Five New Store Locations This Fall
July 17, 2020
Even with a rise in COVID-19 cases in a number of states, Costco intends to open five new stores prior to September’s close, in addition to two delivery facilities. The ...Costco Same-Store Sales Rise 4.8 Pct Amid Pandemic
May 29, 2020
As shoppers stocked up on products in bulk amid the pandemic, Costco’s same-store sales increased 4.8 percent for the period concluding on May 10. The warehouse club’s online shopping sales, ...Costco Sets 3-Item Limit For Fresh Meat Products
May 4, 2020
Costco is the latest retailer to limit fresh meat purchases because of processing plant slowdowns during the coronavirus pandemic.
In an announcement on Monday (May 4), the Washington-based retailer said shoppers cannot buy ...Instacart Rolls Out RX Delivery Service With Costco
April 16, 2020
Due to increasing customer demand for household goods, grocery and personal healthcare delivery, Instacart said it has rolled out a new prescription delivery service with Costco. The offering is now available from ...Costco Earnings Hurt By Purchase Limits; eCommerce Sales Spike
April 10, 2020
Costco’s March and Q1 earnings report was expected to be a referendum on COVID-19 consumer purchase patterns. It didn’t disappoint on that front, but the most significant numbers came from ...Costco Reduces Hours, Updates Return Policy Due To COVID-19
March 30, 2020
Amid the COVID-19 situation, Costco is cutting back on its store hours and changing some of its policies. The warehouse club will not accept returns of certain items, and senior ...Pet Food Sales Spike During Coronavirus Scare
March 27, 2020
The coronavirus crisis has caused a spike in pet food sales as people are panic buying food for their pets, according to a report by CNN.
Pet food has joined the ...Cramer: Virus Could Leave US With Only 3 Retailers
March 20, 2020
CNBC’s Jim Cramer said on Friday (March 20) that he’s worried one of the consequences of the coronavirus pandemic will be that there will be only three retailers left in ...Costco Pays $1B To Sears Owner For Logistics Co Innovel
March 17, 2020
Costco has announced the purchase of logistics company Innovel Solutions, which was owned by Sears parent company Transform Holdco, according to a report by The Wall Street Journal.
The deal is ...The Global Rush To Create Connected Communities
March 10, 2020
Despite being less than halfway through, it seems clear at this point that the second week of March will make the list for wildest weeks in the market this year, ...Costco Struggles To Keep Up With Coronavirus Demand
March 10, 2020As customers visit Costco to stock their pantries amid the coronavirus outbreak, CFO Richard Galanti said on an earnings call last week that the retailer’s procurement team is “working, in ...Costco Posts Solid Quarter, Limits Virus-Related Items
March 6, 2020
Used to be that retail earnings reports were about numbers. Now they’re about viruses. That was the case yesterday as Costco announced Q4 earnings per share of $2.10 on revenue ...Coronavirus: Costco Sees Lines Over The Weekend, Goldman Sachs Tells Staff To Delay Inessential Int’l Travel
March 2, 2020
The coronavirus has wide-reaching effects on warehouse clubs, business travel, tourism and the economy as a whole. Here are the latest updates on its impacts around the world.
Queues were reported ...AmEx Reportedly Used High-Pressure Tactics To Boost SMB Sales
March 1, 2020
Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close more approvals, according to a report ...Robots Are Just One Way Big-Box Retail Is Driving Innovation
January 10, 2020
Big-box retail is getting a refresh for 2020, at least in some parts.
Take Costco. The big-box membership retail store saw its sales continuously rise throughout the holiday season, according to ...Department Stores Report Lower Holiday Sales Due To eCommerce Shift
January 9, 2020
As Americans continue to move their purchases to eCommerce, robust consumer spending and a formidable U.S. economy weren’t sufficient to bolster holiday sales at many mall-based chains and department stores.
Kohl’s ...Costco Sees Sales Boost Amid Brick-and-Mortar Focus
December 13, 2019
Costco, the big-box membership retail store, has seen its sales continuously rise throughout the holiday season, according to a report by The Wall Street Journal.
The news is especially noteworthy because ...Data Dive, Early Fireworks Edition: Alphabet, Postmates, Costco And H&M
December 9, 2019
The year 2019 is winding down and with it the entire second decade of the 21st century. And while there are still roughly three weeks to go until the ball ...Costco, H&M Sites Have Outages During Holiday Weekend
December 2, 2019
A few major retailers experienced technical difficulties on their websites during Thanksgiving weekend —the official start of the holiday shopping season.
Costco saw its website shut down entirely for a short ...Costco Teams With Instacart For Free 60-Minute Rx Delivery
November 6, 2019
Warehouse club Costco is partnering with delivery firm Instacart to launch a prescription delivery pilot program in California and Washington, CNBC reported on Wednesday (Nov. 6).
The program offers one-hour, free ...Costco’s First China Store Signals Broader Retail Trend Into Foreign Markets
August 28, 2019
Costco Wholesale Corp. continues to grow its eCommerce and grocery operations – same-day grocery delivery is now available to most of the store’s members, the company recently said – as ...Blue Apron Turns 7 As Meal Kit Industry Grows Up
July 31, 2019
Call Blue Apron what you will: a struggling retailer, a comeback kid, a prime example of hype in the online world, a respectable survivor. But no matter the label, this ...Retailers Give Fresh Focus to Single Consumers
June 7, 2019
Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. Single consumers are a force of nature ...Retail Pulse: Framebridge Opens DC Store; Starbucks Hits 30,000-Location Milestone
March 22, 2019
Online brands are stepping into the world of brick-and-mortar, opening their own physical locations to help consumers experience their concepts in real life with the help of digital technology. Custom ...Major Retailers Boost Private-Label Sales
March 18, 2019
With low prices and high-quality items through private labels, retailers like Target and Costco are increasing sales of their own items quicker than those of iconic American names. Sales of ...Costco Wholesale Broadens Online Selection Amid eCommerce Growth
March 8, 2019
Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings, but fell short on top-line revenues for the second quarter. The warehouse chain ...Costco Slips Past Amazon In Annual Customer Satisfaction Survey
February 27, 2019
A new survey found that Costco Wholesale has beat out Amazon in customer satisfaction. The annual American Customer Satisfaction Index (ACSI) survey shows that, after taking the top spot in customer ...Blue Apron Pulls Meal Kits From Costco
November 21, 2018
Blue Apron has indefinitely stopped its pilot program with Costco, just a few months after it launched.
In May, the meal kit delivery service launched the service — offering its beef ...Costco Narrowly Beats Revenue Estimates For Q4
October 5, 2018
Facing slowing growth in its online business in a competitive marketplace, Costco narrowly surpassed analyst’s expectations on Thursday (Oct. 4). Net sales reached $44.41 billion, while analysts had expected revenues of ...BJ's Scrappy Approach To Wholesale
October 4, 2018
By many metrics, BJ’s Wholesale Club is having a solid year. Since its IPO two months ago, shares are up 70 percent from its $17 IPO price. Despite that impressive ...Robots Serve Up Innovation (And Food) In Restaurants
July 23, 2018
Restaurant robots aren’t just for flipping burgers or preparing pizzas: They can also work in the front of the house and serve customers. Bear Robotics’ Penny, for example, is an ...Amid UK Payment Woes, Firms Face Fraud Risk
June 27, 2018
England gets its fair share of late payments coverage, with recent headlines tied to the fallout from Carillion’s collapse. The fact remains that some progress has been made, though the ...Sam's Club Takes On Convenience In Age of Amazon
June 19, 2018
Warehouse clubs may conjure up images of cavernous stores stocked high with merchandise as far as the eye can see, but Walmart’s Sam’s Club is taking a different approach with ...HelloFresh Comes To The Grocery Aisle
June 4, 2018
As meal kits from companies, such as Blue Apron and Plated, begin to appear on supermarket shelves, HelloFresh will soon sell its meal kits in Stop & Shop and Giant ...Costco’s eCommerce Sales Rise 37 Percent In Q3 Amid Omnicommerce Push
June 1, 2018
As Costco amps up its omnichannel offerings, the warehouse club is seeing that its efforts are paying off: The retailer reported that total eCommerce sales were up 37 percent year ...Will Costco Cure Blue Apron’s Subscription Blues?
May 8, 2018It’s not been easy to be Blue Apron in recent months. The meal kit company was one of the first to have the idea to send consumers pre-packaged meal kits ...