by Mike Duff | Feb 7, 2024 | Retail Articles
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...
by Mike Duff | Jan 12, 2024 | Retail Articles
H-E-B was named as the top grocery retailer in the United States, according to Dunnhumby, a specialist in customer data science. H-E-B stood as the top U.S. Grocery Retailer in the research firm’s seventh annual Retailer Preference Index, with Amazon and Costco just...
by Mike Duff | Jan 5, 2024 | Retail Articles
Costco Wholesale Corp. posted solid total and comparable store gains in December. Costco net sales for the year’s final month gained 9.9% to $26.15 billion year over year. Comps, excluding fuel and foreign exchange effects, grew 8.1%. Comps for stores operating...
by Mike Duff | Dec 18, 2023 | Featured News, Retail Articles
Costco Wholesale Corp. came out ahead of an analyst estimate for its first quarter as earnings and comps gained with help from nonfoods. Costco reported that net income was $1.59 billion, or $3.58 per diluted share, versus $1.36 billion, or $3.07 per diluted share, in...
by Mike Duff | Oct 19, 2023 | Retail Articles
New leadership is on deck at Costco Wholesale Corp., which announced Craig Jelinek will step down as CEO, effective January 1, 2024, at which time the chief executive post will pass to Ron Vachris, Costco’s president and COO since February 2022. Costco noted the...
