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Costco first quarter not as weak as it seems

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Coscto

Source: Costco Wholesale & Retailing Today

Don’t be fooled by Costco’s tepid sales growth and first quarter profit decline. The company is accelerating expansion and pursuing some intriguing digital partnerships while members continue to renew at record rates.

Costco is planning on a net increase of 32 new warehouses (10 more than last year) during the current fiscal year and 13 of those locations opened during the company’s first quarter ended Nov. 22. Of the 13 new clubs, seven are in the U.S., and of the full year total of 32, 22 will be in the U.S. The company ended the first quarter with 697 clubs, of which 487 are in the U.S., where it enjoys a 91% renewal rate and it executive memberships (those who pay an annual fee of $110) continues to grow.

 

Click here for Costco’s full quarterly report

Click here for Retailing Today article

Costco implements new international e-commerce site

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Costco Selects Reply and hybris to Implement Its New International E-Commerce Site.

CHICAGO, April 2, 2014 (GLOBE NEWSWIRE) — Reply [MTA, STAR: REY], a company specialising in the design and development of enterprise solutions based on new digital media, and hybris software, an SAP company and the world’s fastest-growing commerce platform provider, today announced that they have developed and delivered Costco Wholesale Corporation’s new international e-commerce site, Costco.com.mx.

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What is a Costco membership really worth?

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Costco , Sam’s Club of Wal-Mart , and privately owned BJ’s Wholesale offer over 1,475 membership-only warehouse club locations throughout the world. In contrast to much of the rest of the retail industry, Costco has continued to outperform while increasing its membership and net sales annually. This is despite the pressure from online retailers like Amazon.com  on the retail industry. Going forward, though, what is a Costco membership really worth?

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