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Costco Cruises Through January Thursday February 7th, 2013 - 1:18PM
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 In January, Costco Wholesale Corp. comparable store sales, excluding the impact of gasoline price and currency exchange fluctuations, gained 4% in the United States and 3% internationally versus the month a year ago for a company-wide figure of 4%, the company reported. Net sales increased 7% to $9.35 billion for the month of January versus the period last year. This year's fiscal month contained one less day compared to January 2011 due to the timing of the New Year's holiday, a circumstance that negatively impacted total and comparable sales by approximately 2%. With gas and currency exchange impacts included, U.S. comps gained 3% and international comps increased 5% for a companywide 4% comp. Regionally, Costco stated in a conference call, Texas, the Southeast, Midwest and Northwest posted the strongest comps. In terms of merchandising categories, Softlines, Hardlines and Fresh Food all comped positive in the mid single digits. Food and Sundries comps advanced in the low single digits, Costco reported. Costco operates 622 warehouses with 448 in the U.S. and Puerto Rico, 85 in Canada, 32 in Mexico, 23 in the United Kingdom, 13 in Japan, nine in Taiwan, nine in Korea and three in Australia. The company said it plans to open an additional 14 clubs prior to the end of its fiscal year on September 1. Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials |
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Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.
