Costco news

With the changing dynamics of an increasingly competitive and unique grocery market, Australian retailers continue to drive strong growth, relative to their counterparts in other developed nations. However, despite a highly concentrated network of supermarkets, there remains much headroom to sweat more from existing bricks and mortar assets across all channels. International retailers creati...

Costco’s second quarter sales, for the 12 weeks to February 17, increased by 8.2% to $24.3bn, with comparable store sales (excluding the impact of fuel and currency), up 5%. Net income attributable to Costco increased by 38.8% to $547m. A resilient model despite economic headwinds Costco delivered a strong set of results for the quarter, despite the headwinds of higher payroll taxes and ...

In an interview with Les Echos, Costco France’s Country Manager, Gary Swindells, has outlined the retailer’s ambition to build a network of 15 outlets in the country over the next five to ten years. France market entry part of broader European growth strategy The retailer’s first outlet in France is expected to open in Bussy-Saint Georges, Paris, in 2015, marking Costco’s first expansi...

It has been revealed that US-based global warehouse club operator, Costco will open a further two depots in the UK during 2013 taking its total number of units in the country to 25.  This will make 2013 something of a bumper year for Costco.  In its twenty years of operating in the country new openings have averaged little more than one every twelve months. Depot twenty-four for Farnborough, Hamp...

Costco's performance in Australia appears to be going from strength to strength, with revenue for the 53 weeks to 2 September 2012 more than doubling on the previous year and profits turning positive for the first time. Strong sales and profits In the retailers FY to 2 September 2012 Costco Australia saw revenues more than double to AU$609.5m and net profits reach AU$9.73m. The rapid incre...

With the 47th Superbowl taking place next Sunday, February 3rd, the major US grocery retailers are focusing this week on maximising the trading opportunities. As the largest sporting event in the US, and one of the largest globally, what are the key focus areas for the retailers? Game themed flyers used almost universally With weekly flyers a key promotional tool for retailers in the US , m...