by Mike Duff | Jun 3, 2022 | Retail Articles
In May, Costco once again managed double-digit comparable sales increases and kept pace with online revenue gains posted this fiscal year. Company comparable sales, excluding the effects of fuel and foreign exchange rate volatility, increased 11.8% with the United...
by Mike Duff | May 27, 2022 | Retail Articles
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...
by Mike Duff | Apr 26, 2022 | Retail Articles
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...
by Mike Duff | Apr 14, 2022 | Retail Articles
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,...
by Mike Duff | Apr 8, 2022 | Retail Articles
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...
