Even as it tried to mitigate price increases for members necessitated by inflationary pressures, Costco continued to produce earnings and comparable store gains in the third quarter. Company net income was $1.35 billion, or $3.04 per diluted share, versus $1.22...
As the company continues its growth in the New York metropolitan area, Wegmans Food Markets has announced it will open its first Long Island store in the community of Lake Grove, NY. The 100,000-square-foot store will operate in the DSW plaza at the corner of Middle...
As the retail world tries to settle down into a post-pandemic world, not that COVID-19 is cooperating with the newest Omicron variant prompting reconsideration of masking rules in some places, a number of retailers saw major gains in first quarter foot traffic,...
Costco made a strong showing in March with double-digit comparable store gains. Costco comps without the effects of fuel price and foreign exchange volatility increased 12.2% in March year over year, with the United States up 12.7%, Canada up 12.2% and Other...
Walmart tops Amazon as the leading retailer on the National Retail Federation annual ranking of the Top 50 Global Retailers conducted with market researcher Kantar. Walmart remains the world’s largest retailer, having made significant investments in omnichannel...
