Heavy discounting and slow traffic weighed on retailers’ December sales results, but Costco Wholesale Corp. ( COST ) was among the few that bucked the trend. The wholesale club reported sales at stores open at least a year rose 5% for the month, topping expectations for a 2.6% increase. Among the stronger performing categories were garden, automotive, […]
Costco Wholesale co-founder Jim Sinegal has been awarded the National Retail Federation’s Gold Medal Award, the organization said Tuesday. The trade association said that under Sinegal’s long tenure as chief executive the Issaquah-based company grew into the biggest warehouse-club retailer in the U.S. Read article here
New Iris products and services will include a water shut-off valve that cuts supply when a leak is detected, a voice control feature,smart sprinkler systems, smart meter add-ons, universal garage door openers, additional energy saving devices and more. Read article here
Costco , Sam’s Club of Wal-Mart , and privately owned BJ’s Wholesale offer over 1,475 membership-only warehouse club locations throughout the world. In contrast to much of the rest of the retail industry, Costco has continued to outperform while increasing its membership and net sales annually. This is despite the pressure from online retailers like Amazon.com on the retail industry. Going forward, […]
Ask six senior merchandising executives from Walmart and Sam’s Club what keeps them up at night and be prepared for an interesting collection of answers relating to key competitors and assorted challenges. Read article here
Issaquah-based Costco is giving more weight to international stores in its plans for expansion, as recovery in Europe presents new opportunities. Costco Wholesale is gradually putting more chips overseas as it outgrows the U.S. market and green sprouts in a still shaky European economy present opportunities to the retail giant. Fourteen of the 30 warehouses […]
Home Depot Inc.’s next refurbishment project: building out the capability to offer same-day delivery. The retailer plans to spend at least $300 million on supply chain, technology and online improvements, including building new fulfillment centers and overhauling its warehouse technology systems. It plans to open three new fulfillment centers in California, Atlanta and Ohio over […]
SAN FRANCISCO — Amazon.com is working on a new business called Pantry that will help it expand further into the giant consumer package goods market and take on warehouse club stores Costco and Wal-Mart’s Sam’s Club, according to three people familiar with the effort. Read full story here
Home Depot and Uber are joining forces to deliver Christmas trees provided by the big-box hardware retailer to the users of the app-based car service in 10 U.S. cities, the companies said Wednesday. Read article here
MOORESVILLE, N.C., Nov. 27, 2013 /PRNewswire via COMTEX/ — Lowe’s Companies, Inc. LOW -0.04% and Point Inside, Inc. (www.pointinside.com) today announced that Lowe’s has integrated Point Inside’s StoreMode(TM) mobile shopper engagement platform into the Lowe’s mobile app to improve the in-store customer experience. Shoppers at all Lowe’s locations can use the Product Locator capability to search for products […]