COSTCO

  • Costco increases membership dues

    ISSAQUAH, Wash. — Costco announced Thursday it will increase its membership fee by $5 to $60 annually for its U.S. and Canada Goldstar individual, business and business add-on members. This change will take effect June 1.

    Also effective June 1, annual fees for Executive memberships in the U.S. and Canada will increase by $10 to $120. Both moves will impact a total of about 35 million members, stated Costco.

    However, the maximum annual 2% reward associated with the executive membership will increase from $750 to $1,000.

  • Costco expands Rx90 program

    ISSAQUAH, Wash. — Costco and EnvisionRx, the pharmacy benefit management division of EnvisionRxOptions, have partnered to expand Rx90, intended to improve care and reduce costs for people with chronic conditions.

  • Costco January sales increase 9%

    ISSAQUAH, Wash. — Costco Wholesale reported net sales of $9.08 billion for the month of January, an increase of 9% compared to $8.32 billion in sales during the same period in 2016.

    U.S. comparable-store sales for the four week period ended Jan. 29 increased 6% year over year. When excluding impacts from gasoline prices and foreign exchange, U.S. comparable-store sales increased 5% year over year. For the total company, comp-store sales rose 7%.

  • Costco net sales rise by 5% in December

    ISSAQUAH, Wash. — Costco Wholesale’s net sales increased by 5% year over year to $13 billion during a five-week period ended Jan. 1. For the 18-week period ended Jan. 1, net sales rose to $43.18 billion versus $41.66 billion during the same period in 2015.

    Comparable store sales rose by 3% in the United States in the five-week period, and a total of 1% during the 18-week period. Canadian stores were Costco’s shining star when looking at both periods, increasing 7% in the five-week period and 5% in the 18-week period.

  • Costco Q1 earnings rise 13%

    ISSAQUAH, Wash. — Costco Wholesale reported 2017 fiscal first-quarter net income rose 13% to $545 million ($1.24 per share), compared to $480 million ($1.09 per diluted share) during its 2016 fiscal first quarter. 2017 fiscal Q1 earnings benefitted from a non-recurring $51 million legal settlement.

    For the quarter ended Nov. 20, net sales enjoyed a 3% percent year-over-year increase to $27.47 billion. In the United States, comparable store sales rose 1 percent year over year. Total revenues increased to $28.1 billion, helped by a $37 million increase in membership fees.

  • Industry’s best and brightest collaborate at 18th DSN Industry Issues Summit
    NEW YORK — Some 275 retail and CPG executives descended on the New York Athletic Club Thursday to talk about the future role the industry can play in chronic care management, how companies can embrace technology to better serve customers and patients and where the industry is headed at the 18th annual DSN Industry Issues Summit. The event was preceded Wednesday night with a cocktail reception at the Redeye Grill near Central Park. 
     

  • Costco November comps up 1%, net sales up 3%

    ISSAQUAH, Wash. — Costco reported a jump in comps of 1% and a boost in net sales of 3% to $9.68 billion for the month of November.

  • How can pharmacy augment self-care trend? HRG moderator and executive panel explore value proposition

    WAUKESHA, Wis.  –  Dave Wendland, VP strategic relations and member of the owners group at Hamacher Resource Group, will moderate the Chronic Care Roundtable on Thursday, Dec. 1, at the Drug Store News Annual Industry Issues Summit. It will be Wendland’s 13th time moderating at the event, HRG stated.

  • CBS News tackles the omnichannel retailer's dilemma

  • Costco CEO talks about the retailer's 'secret sauce'

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