Walmart tops the latest Top 50 Global Retailers study by the National Retail Federation, which included in its report an assessment of the challenges and opportunities retailers faced the past year. The NRF study, with information compiled by market research firm and...
Second-quarter sales came up short of Wall Street estimates in Costco’s second quarter, but earnings easily beat forecasts, with strong appliance sales contributing to gains. The company reported that the net income for the quarter was $1.74 billion, or $3.92...
Warehouse clubs dominated the American Customer Satisfaction Index among general merchandise retailers, but Macy’s and Target were also among the leaders. Costco and Macy’s led all others with a satisfaction score of 82 with Target and Sam’s Club just behind at...
For its fiscal January, Costco Wholesale Corp. posted net sales of $22.08 billion, up from $21.13 billion in the year-previous month. With the effects of fuel prices and currency exchange excluded, comparable sales gained 3.4%, with those in the United States up 2.2%,...
Longtime Costco CFO Richard Galanti is stepping down in March, to be replaced by Gary Millerchip, who has been chief financial officer at The Kroger Co. According to Costco, Galanti will remain with the company through January 2025 as an advisor and continue serving...
