News: Costco Wholesale Corp (COST.O)

COST.O on Nasdaq

130.44USD
24 Oct 2014
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Thu, Oct 16 2014

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Costco seeks China path that avoids Wal-Mart's potholes

CHICAGO - By selling directly to Chinese consumers on Alibaba's platform, a move announced Tuesday, Costco Wholesale Corp. aims to employ local knowledge and a low-cost structure to avoid missteps that caused even the world's largest retailer, Wal-Mart Stores Inc. , to stumble.

Costco to enter China through Alibaba's Tmall

- U.S. retailer Costco Wholesale Corp plans to open an online store in China using Alibaba Group Holding Ltd's fast-growing Tmall online marketplace, entering the country's booming e-commerce market to combat slowing sales at home.

UPDATE 2-Costco to enter China through Alibaba's Tmall

Oct 14 - U.S. retailer Costco Wholesale Corp plans to open an online store in China using Alibaba Group Holding Ltd's fast-growing Tmall online marketplace, entering the country's booming e-commerce market to combat slowing sales at home.

Costco enters China through Alibaba's Tmall

Oct 14 - Warehouse club operator Costco Wholesale Corp said it will make its China market debut through the opening of an online flagship store on Alibaba Group Holding Ltd's Tmall Global Platform, a wing of Tmall.com.

Sunny September sales unlikely to brighten retailers' holiday prospects

- A resurgence in spending helped by an improving U.S. economy bolstered back to school season sales for retailers in September, but stagnant wages may force more discounting in the coming months, keeping pressure on margins.

Costco profit tops estimates for first time in five quarters

- Warehouse club operator Costco Wholesale Corp's profit topped analysts' estimates for the first time in five quarters, helped by strong back-to-school sales and higher membership fees.

UPDATE 2-Costco profit tops estimates for first time in 5 qtrs

Oct 8 - Warehouse club operator Costco Wholesale Corp's profit topped analysts' estimates for the first time in five quarters, helped by strong back-to-school sales and higher membership fees.

Costco fourth-quarter earnings beat estimates

Oct 8 - Warehouse club operator Costco Wholesale Corp reported better-than-expected fourth-quarter earnings on strong growth of same-store sales excluding fuel.

Oregon man sues Costco, claims store security broke his leg

PORTLAND Ore. - An Oregon man has sued Costco for $670,000, claiming store security detained him and broke his leg after he refused to show his receipt when exiting the building.

Costco to stop accepting AmEx cards in Canada from January

Sept 18 - Costco Wholesale Corp said it will stop accepting American Express Co cards in Canada from next year as it will not be renewing its credit card relationship, which expires on Dec. 31.

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