Retail took some surprising twists in 2024, as the view forward from 2023 didn’t reveal how the way forward would have so many twists and turns. Of course, some developments fell into old patterns and some weaker retailers fell by the wayside. Meanwhile, an...
Costco posted another strong quarter with solid comparable sales and earnings increases as nonfoods revenue, including home furnishings, health and beauty aids, luggage and hardware, gained. Net income for the quarter was $1.8 billion, or $4.04 per diluted share,...
Costco Wholesale Corp. posted comparable gains for November and its first quarter, helped by positive non-food comps but impacted on the e-commerce side by a later Thanksgiving weekend. For the quarter ended November 24, comp sales, excluding the effect of fuel sales...
Walgreens shoppers surveyed by market researcher Numerator said they are prepared to switch to other drug chains and mass merchants if impacted by the planned closure of some 1,200 Walgreens stores. Walgreens recently reported it would close 1,200 underperforming...
Costco Wholesale Corp. posted net sales of $24.62 billion for the five-week fiscal month of September, up from $22.59 billion for the year-earlier period. Comparable sales, with the effects of gasoline price and foreign exchange volatility excluded, gained 9.3% in the...
