Sector snap: Discount stores

2010-03-04T12:30:48Z

<div id="subtitle">Discount stores shares mixed after February sales report</div><div><p>Discount stores reported better-than-expected February sales figures on Thursday, as consumers continued to respond to low prices as they shopped for spring merchandise in the midst of winter storms.</p><p>Target Corp. said sales in stores open at least one year rose 2.4 percent, topping the 1 percent rise...

Summary Box: Warehouse club growth

2010-03-03T15:17:42Z

<div id="subtitle">Summary Box: Wholesale club operators see modest gains against grocers</div><div><p>THE QUARTER: Costco Wholesale Corp. and BJ's Wholesale Club Inc.'s quarterly profits grew while many grocers struggle.</p><p>THE STRATEGY: They got a boost from gasoline prices and foreign exch...

Costco 2Q profit rises; international sales strong

2010-03-03T15:00:15Z

<div id="subtitle">Costco Wholesale 2nd-quarter profit climbs; revenue rises on higher gas prices, softer dollar</div><div><p>Strong overseas sales growth and increased gasoline prices boosted Costco Wholesale Corp.'s revenue in the second quarter, helping send the warehouse club operator's profit up 25 percent.</p><p>Co...

Summary Box: Costco Wholesale's 2Q results

2010-03-03T13:46:15Z

<div id="subtitle">Summary Box: Costco Wholesale reports fiscal 2nd-quarter financial results</div><div><p>Costco Wholesale Corp., based in Issaquah, Wash. reported results for its fiscal second quarter on Wednesday.</p><p>PROFIT: Increased 25 percent to $299 million, or 67 cents per share. That includes a 3-cent charge tied t...

Wholesale clubs grow as supermarkets slide

2010-03-03T13:32:00Z

<div id="subtitle">Whoelesale club operators see steady but modest gains against grocers</div><div><p>PORTLAND, Ore. — A steady stream of shoppers looking for deals on necessities has helped wholesale club operators Costco Wholesale Corp. and BJ'...

On the call: Costco CFO Richard Galanti

2010-03-03T11:00:25Z

<div id="subtitle">Costco's CFO discusses competition among retailers</div><div><p>The down economy has caused a major shift in consumer spending. As shoppers cut back on how much they spend, they've become much more selective about where they spend those dollars — looking specifically to retailers that can offer the best deals. That led to increased competition among many stores.

Costco, BJ's miss profit estimates, Big Lots beats

2010-03-03T10:45:10Z

<div><p>SAN FRANCISCO/NEW YORK (Reuters) - A revival of consumer cost concerns did not boost results enough for the biggest U.S. warehouse clubs, as margin constraints weighed on Costco Wholesale Corp

Costco posts higher profit

2010-03-03T01:00:19Z

<div><p>(Reuters) - Costco Wholesale Corp <COST.O> on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes.</p><p>The No. 1

Snow may have slowed retail sales

2010-03-02T12:15:32Z

<div><p>CHICAGO (Reuters) - Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year.</p><p>Retailers that were likely hit the hardest by the storms, based on location of their stores, include

Earnings Preview: Costco Wholesale Corp.

2010-03-01T14:00:08Z

<div id="subtitle">Costco to report 2nd quarter results on Wednesday</div><div><p>Costco Wholesale Corp. reports its second-quarter results before the stock market opens Wednesday.</p><p>WHAT TO WATCH FOR: Any signs customers are buying more discretionary items.</p><p>Costco, the wholesale buying club based in Issaquah...

Earns Molson Coors

2010-02-09T06:00:57Z

In this photo made Dec. 8, 2009, Coors Light is seen on display at Costco in Mountain View, Calif. Molson Coors said Tuesday, Feb. 9, 2010, its fourth-quarter profit more than doubled be...

January retail sales beat but momentum could fade

2010-02-22T11:57:34Z

<div><p>SAN FRANCISCO/NEW YORK (Reuters) - Top U.S. retail chains ended their fiscal year with better-than-expected January sales, but the current first quarter could be tougher if consumers overspent during the holiday season.</p><p>January same-store sales rose 3.3 percent based on a tally of 29 r...

Earns Kellogg

2010-02-04T06:15:49Z

In this photo made Dec. 8, 2009, Kellogg's Frosted Flakes are seen on display at Costco in Mountain View, Calif. One less week in the quarter helped push cereal giant Kellogg's fourth-qu...

Earns Altria Group

2010-01-28T08:16:20Z

In this photo made Dec. 8, 2009, Marlboro cigarettes are seen on display at Costco in Mountain View, Calif. Altria Group said Thursday, Jan. 28, 2010, that its fourth-quarter profit climbed 7...

Retail industry sales seen up 2.5 percent for 2010

2010-02-22T14:58:56Z

<div><p>SAN FRANCISCO (Reuters) - U.S. retail sales should rise 2.5 percent this year, signaling that store chains have made it through the worst of the downturn as improvements in the housing and job markets bolster shoppers' confidence, a trade group forecast on Tuesday.</p&gt...

Economy Consumer Price Index

2010-01-15T06:01:05Z

In this photo made Dec. 8, 2009, shoppers line up to checkout at Costco in Mountain View, Calif. Consumer prices rose 2.7 percent for all of 2009 because of a surge in energy prices which offset the biggest drop in food costs in nearly a half century. (AP Photo/Paul Sakuma)

Wholesale Inventories

2010-01-08T07:45:43Z

FILE - In this Dec. 8, 2009 file photo, shoppers look for bargains at Costco in Mountain View, Calif. Inventories held by wholesalers posted an unexpectedly strong gain in November while sales shot up by the largest amount in 10 months, two signs that the economic recovery was gaining traction in the fall.(AP Photo/Paul Sakuma...

GameStop cuts profit view; holiday sales stagnate

2010-02-23T00:06:31Z

<div><p>NEW YORK (Reuters) - GameStop Corp &lt;GME.N&gt; said on Thursday holiday sales failed to improve from 2008, and cut its fourth-quarter profit forecast, sending shares of the biggest U.S. videogame retailer to a 13-month low.&lt...

Costco Dec same-store sales beat estimates

2010-02-23T00:14:27Z

<div><p>(Reuters) - Costco Wholesale Corp &lt;COST.O&gt; on Thursday reported a better-than-expected nine percent rise in December sales at stores open at least a year, helped by an increase in gasoline prices and stronger foreign currencies.</p><p>Analy...

Retail Sales

2010-01-07T05:46:01Z

In this photo made Tuesday, Dec. 8, 2009, a shopper walks past a costco.com advertisement at Costco in Mountain View, Calif. As merchants report results Thursday, Jan/ 7, 2010, warehouse club operator Costco Wholesale Corp., The Buckle and

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