Costco news

30 October 2015
We report on the final day of the Asia Pacific Retail Conference and Exhibition (APRCE) in Manila. With a strong focus on future trends, the final day of the event saw a range of speakers outline how they plan to capitalise on growth in the region. Key themes which emerged included the need to invest in creativity to drive in-store conversion, embrace technology, including mobile as part of...
01 October 2015
As Costco delivers another year of strong sales and profit growth, we highlight six key takeaways from its results. Headline growth held back by fuel and currency impacts Costco’s full year sales came in at $113.7bn, an increase of 3.1%. These were held back by lower fuel prices in the US, and weaker foreign currencies versus the US dollar. Comparable store sales, strippi...
18 September 2015
Costco Mexico has reported a 97% growth in online sales for its fiscal year running from September 2014 to August 2015. Expects similarly strong growth next year Iñigo Astier, director of e-commerce for Mexico, said the wholesaler expects online sales to increase by 60-67% next year. In the two years since its launch, the online channel has enabled Costco to extend its reach into the 13 ...
03 September 2015
As Costco reveals annual sales of $113.7bn, and comp sales growth of 7%, we consider whether it can sustain this level of performance for a further 12 months. Foundations in place for growth to continue Delivering comp sales growth of 7% globally - and 6% in the US - places Costco among the leading pack of global retailers. While many of its peer group are facing challenges in their domest...
16 July 2015
Leading global warehouse club operator Costco has an enviable record of growth, and the current year is proving no exception.  With the end of its fiscal year approaching in August the business is on target to hit a comparable store sales performance of +3%.  But how does this ambitious business aim to sustain the growth that is the hallmark of its success? Here's five platforms we think are key:...
03 June 2015
Reports filed with Companies House for the financial year 2013/14 show that Costco's UK operation grew sales by 8.0% to 31 August, with turnover through its 26 warehouses reaching £1,778m in the period. Meantime sales within the Costco UK Online division, launched only in October 2012, surpassed £29m. New depots contributing two thirds of growth Within the 8.0% growth, three new depots open...
29 May 2015
As Costco moves into the final quarter of its current financial year, we review its latest performance and plans for future growth. Currency fluctuations impact top-line growth Costco’s third quarter sales increased by 1.1% to $25.5bn, with comparable stores sales down 1%. The retailer’s reported results would have been stronger without the impact of lower gas prices and the weakening of cu...
13 May 2015
Alibaba's B2C e-commerce site Tmall is cooperating with international retailers to bring imported goods to Chinese consumers, who are increasingly demanding a wider range of high quality and safe products. It enables the international retailers to tap into the booming Chinese market with limited investment. Tmall's International section was launched in October 2014, and by the end of the year,...
08 April 2015
Strong price and promotions activity in Australia's grocery market is nothing new, however there is increasing concern that the market is heading towards a full on price war. So what can the industry learn from other markets? To date volume growth has remained strong Price deflation has become part of the market in recent years in Australia as both Woolworths and Coles have continued to dri...
05 March 2015
As Costco reports its latest results, we highlight where it won in the quarter. Taiwan, South Korea and Mexico lead international growth Costco’s second quarter sales increased by 4.3% to $26.8bn, with comparable stores sales up 2%. Net income attributable to Costco increased by 29.2% to $598m. The retailer’s reported results would have been even stronger without the impact of lower ga...