Costco Wholesale Corp.
Data: Worldwide/North America
- Headquarters:Issaquah, Wash.
- Top Executive: Jim Sinegal, president, CEO
- Corporate Stores (global): 518
- Sales in $ Billions (USD): 63.088
- Date FY Ended: 9/2/07
- Countries of Operations: Canada, Japan, Mexico, Puerto Rico, South Korea, Taiwan, UK, USA
- Website: www.costco.com
Overview
Groceries, encompassing food, sundries and fresh products, plus pharmacy and gasoline, accounted for 63% of Costco’s total sales, or $39.8 billion. Of the company’s total volume, 80% came from 385 warehouses in the U.S. and Puerto Rico, 13.5% from 71 warehouses in Canada and 6.5% from 64 warehouses in Mexico, the United Kingdom, Japan, South Korean and Taiwan.
Recent articles on Costco Wholesale Corp.
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Surviving the Meltdown
Supermarkets weathered an economic meltdown in 2008 as consumers cut back on spending, amid rising costs for food and fuel. As shoppers' sensitivity to pricing became more acute, retailers were forced to fight through inflation to offer deals on everyday items and to expand their private-label portfolios. Many companies reported strong sales of their own brands, even among their more upscale offerings.
Fresh Food Boosts Costco's Q1
Food, particularly fresh food, is clearly driving the business at Costco Wholesale Corp., Richard Galanti, the chain's executive vice president and chief financial officer, said last week during a conference call to discuss financial results for the company's fiscal first quarter. Food and sundries, which account for half of Costco's business, saw comparable-store sales rise in
The Week in Stocks
FOR 24 NORTH AMERICAN FOOD RETAILERS TRACKED BY SN, AT THE CLOSE WEDNESDAY, DEC. 10, 2008 MARKET SUMMARY gainers 18 losers 6 unchanged 0 MOST ACTIVE BY VOLUME Wal-Mart 115,049,098 Target 65,069,219 Kroger 43,558,202 AS PERCENTAGE OF SHARES OUTSTANDING Target 8.64% Costco Cos. 7.68% Whole Foods 7.22% A&P +13.05% Target +12.67% Supervalu +11.41% Nash Finch -9.73% Kroger -4.37% Spartan Stores -2.11%
Value Judgment
It's been a difficult year, and at this point it looks like the economy could get much worse before it gets better. However, supermarkets are in the business of selling a basic necessity, and thus will remain in an enviable position compared with most other types of retail during a recession. That's not to say that supermarkets can rest easy. Competition will become ever more intense as shoppers cut
Sharp Food Prices Drive CostcoÂ’s Q1 Sales
Food, particularly fresh food, is clearly driving the business at Costco Wholesale Corp., Richard Galanti, the chainÂ’s executive vice president and chief financial officer, said yesterday during a conference call to discuss financial results for the first quarter.
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