by Mike Duff | Dec 13, 2024 | Retail Articles
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,...
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 | 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...
by Mike Duff | Feb 7, 2022 | Retail Articles
The Costco board of directors has named Ron Vachris president and COO, a move that might be the first step toward future executive transition at the company. Vachris will succeed Craig Jelinek as the company’s president, according to a filing with the United...
