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COSTCO

  • Sam's Club and Amazon rank top among customers in terms of experience

    WABAN, Mass. — Based on a study of 10,000 U.S. consumers, Sam's Club and Amazon earned the top spots in the retail sector of the "2013 Temkin Experience Ratings," the Temkin Group announced Tuesday. 

    Six additional retailers were in the top 20 overall, including Costco, which was tied for the No. 13 spot with Nordstrom. Four retailers tied for the No. 20 spot, including BJs Wholesale, Dollar Tree, PetSmart and Walgreens. Thirty-six out of the 44 retailers in the study earned a "good" or "excellent" rating.

  • Reports: Costco to expand headquarters

    NEW YORK — Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to published reports.

    The Seattle Daily Journal of Commerce reported Friday that Issaquah's director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million square feet.

    The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.

  • Costco sees sales, profits rise in second quarter

    ISSAQUAH, Wash. — Costco Wholesale increased sales by 8% to $24.34 billion in the second quarter of 2013, the club retailer said Tuesday.

    Sales for the first half of the fiscal year were $47.55 billion, a 9% increase over the first half of fiscal year 2012. The company's U.S. business had same-store sales of 5% for the quarter and 6% for the first half of the year, while profits were $547 million, compared with $394 million last year. Profits for the first half of the year were $963 million, compared with $714 million last year.

  • Costco February sales beat analyst estimates

    ISSAQUAH, Wash. — Costco Wholesale Corp.'s sales increased 8% to $7.58 billion in February, the club retailer said Thursday.

    For the 26-week period that ended Sunday, the chain reported sales of $51.35 billion, a 9% increase over February 2012. Comps for the company's U.S. stores increased 6% during the month and also during the past 26-week period.

  • Costco backs minimum wage increase

    WASHINGTON — Club retailer Costco Wholesale is throwing its support behind a bill introduced in Congress Tuesday to raise the federal minimum wage.

  • Rite Aid tops drug chains in customer satisfaction, as Publix, Target, Costco lead among supermarkets, mass, clubs

    ANN ARBOR, Mich. — Several pharmacy retailers got top place in a recent consumer satisfaction survey.

    A report released Tuesday by the American Customer Satisfaction Index ranked Rite Aid at the top among drug store chains, with a score of 77, a 3% improvement over last year. Walgreens gained 1%, for a score of 76, while CVS ranked 75, a 3% gain. The survey noted that CVS hit a low two years ago due to cost-cutting efforts.

  • Costco offers Aetna insurance to members in Florida

    JACKSONVILLE, Fla. — Health insurer Aetna is offering individual health insurance plans to Costco members in Florida, the insurer said.

    The Costco Personal Health Insurance program includes five plans and offers medical benefits, dental options, a network of doctors and hospitals and other services, as well as lower copays on prescriptions at the club retailer's pharmacies.

  • Costco sued over diamond engagement rings

    NEW YORK — Jewelry maker Tiffany & Co. is suing Costco Wholesale, alleging that the club retailer falsely marketed diamond engagement rings as coming from the New York-based jeweler, according to published reports.

    News media reported that Tiffany filed suit against Issaquah, Wash.-based Costco in the Federal District Court in Manhattan.

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