May 30, 2008 | Inside Bay Area
Costco profit soars, Sears sinks
Sears Holdings Corp., the largest U.S. department-store chain, reported an unexpected quarterly loss, while Costco Wholesale Corp.
Costco Wholesale profit climbs 32%, topping forecasts
Costco Wholesale Corp., the largest U.S. warehouse retailer, reported on Thursday that fiscal third-quarter net income rose a stronger-than-expected 32% on 13% higher total sales and 8% higher same-store sales.
4 planned Kapolei projects offer wide range of retailers
KO OLINA - Representatives from four very different retail projects planned for Kapolei in the next few years gave a preview of what's coming for retail-starved West O'ahu residents before about 150 wide-eyed ...
Company: Costco Wholesale Corp. Headquarters: Issaquah, Wash. Web: www.costco.com Sector: Consumer staples, hypermarkets and super centers Description: This company operates more than 530 membership ...
Traditional department stores have taken more than their fair share of lumps during the economic slowdown thanks to increased competition from discount stores like Wal-Mart and wholesale clubs like Costco .
The Irish Times says US retail giant Costco is still considering entering the Irish market, quoting one of its executives.
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Woolbright Development broke ground on the 155,000-square-foot Valencia Square, located at the northwest corner of Jog Road and Woolbright Road in Boynton Beach, Fla. via Commercial Property News
Video: Retail Stocks: Winners and Losers
More Fool fare: Wal-Mart is a Motley Fool Inside Value pick, Costco is a Motley Fool Stock Advisor recommendation, and Volcom and Zumiez are Motley Fool Hidden Gems recommendations. via Motley Fool
Total sales increasing 6.2% and adjusted earnings improvement of 10.8% wasn't enough to impress investors, as the stock is down more than 4% today. via Motley Fool
“Overall, the picture looks pretty. When you dig in the numbers, you see consumers are trading down. From Target to Wal-Mart and Abercrombie to Aeropostale. Parents are trading down and teens are trading down.”
Consumers seeking value and buying groceries and other necessities bolstered April sales at discounters, and a tighter hold on wallets led to cautious spending in discretionary items, yielding mixed results for ... via MarketWatch
“Entrepreneurs are buying as much as they can”
BARRING ANY SIGNIFICANT cutbacks in your dietary habits, it's nearly impossible these days to keep your food bills from getting fatter. via SmartMoney
Retailers report mixed picture for April
By MARIA HALKIAS / The Dallas Morning News mhalkias@dallasnews.com J.C. Penney Co. via Denton Record-Chronicle
Shoppers go after bargains in April
“The economy continues to get tougher and the 'paycheck cycle' is more pronounced for customers than in past months”
Apparel chains struggled through another dismal month in April as they tried to bring in cash-strapped shoppers, but discounters fared well as consumers hungered for bargains to buy necessities. via Reuters
Futures point to rebound on Costco, Wal-Mart
“Costco's numbers were good and the market's expecting to see some more decent numbers because you've got the rebate checks just starting to hit the system”
Stocks looked set to rebound on Thursday as Costco Wholesale Corp and Wal-Mart Stores Inc were among retail chains posting higher-than-expected monthly sales figures. via WNED.org
CBS 5
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CBS 5
Retailers Post Mixed Results In April
“They are feeling the pinch on multiple fronts.”
Consumers gave some of the nation's retailers a little relief in April following months of dismal sales, but business was helped along by heavy discounting that could hurt first-quarter earnings.
Early sales reports issued Thursday showed that shoppers - who are contending with rising gas prices, sagging home and worries about their jobs - bought the basics at discounters and wholesale clubs. That made Wal-Mart Stores Inc. and Costco Wholesale Corp. among the top performers last month, while most mall-based apparel stores, whose merchandise falls into the category of discretionary items, struggled. Read more
Calendar shift to lift April sales, but weak trends still visible
“Mass merchant sales should continue to benefit from food, household product and gas price inflation. Demand for apparel and other discretionary items remains weak.”
Retailers' sales in April are expected to rebound from a downbeat March, boosted by warmer weather in the first half of the month and a calendar shift in Easter that resulted in an extra selling day. via MarketWatch
Sam's Club, Costco limit rice purchases amid shortages
“We are not seeing any signs of concern in the supply chain that would cause us to limit the sales of any items”
The two biggest U.S. warehouse retail chains are limiting how much rice customers can buy because of what Sam's Club, a division of Wal-Mart Stores Inc., called "recent supply and demand trends." The broader ... via Alaska Journal of Commerce
Court Orders Production of Costco's Attorney-Client Communication in Overtime Class Action
In an unusual opinion, the Second District Court of Appeal ordered Costco Wholesale Corp. via Wage Law
“We are not seeing any signs of concern in the supply chain that would cause us to limit the sales of any items”
And also at Sam's Club, though - for now - Wal-Mart will let you buy as much as you want. via Bookofjoe