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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Costco

Costco stories: 19 news summaries



 Starbucks 
 Goes Instant 

Company has high hopes for new $1 powdered coffee

Sep 29, 09 6:59 AM CDT
(Newser) - Following a three-city test run, Starbucks is rolling out its new Via coffee across the country today, offering java-fiends an instant brew that costs less than a buck—and is purported to taste just as good as the real thing. The recession-hit coffee chain is selling the powder in Target... More »

MORE ABOUT:
Howard Schultz • Starbucks • Costco • coffee • United Airlines • Target • food industry

MARKET Open

 Stocks Up on Positive Job Data 


Jun 4, 09 8:49 AM CDT
(Newser) - Stocks inched higher this morning as investors chewed on retailer and jobs data. The Dow added 17 points while the Nasdaq and S&P rose 9.03 and 3.17 points respectively. Jobless claims took a rare step in the right direction last week, with ongoing claims dropping for the... More »

MORE ABOUT:
stock market • Costco • Dow Jones • unemployment • Nasdaq • jobless claims • S&P 500 • Limited

MARKETS

 Retail Drives Dow Down 122 

Bank of America continues fall as government fix remains unclear

Feb 4, 09 3:15 PM CST
(Newser) - The stock market saw losses today as ugly earnings reports and continued uncertainty over the banking sector soured investor confidence, the Wall Street Journal reports. Bank of America, off 10.6%, was that sector’s big casualty; a grim forecast pushed Costco down 6.8%. The Dow fell 121.70... More »

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retail • Costco • Bank of America • Dow Jones • Nasdaq • S&P 500 • big-box retailers

(Newser) - Looking for a last-minute price break on the Guitar Hero World Tour Band Kit? Don’t hold your breath. The video game is one of many products retailers can’t discount without losing advertising dollars—or supplies—from the manufacturers, reports the Wall Street Journal. Such minimum-advertised-price policies were deemed... More »

MORE ABOUT:
eBay • Costco • US Supreme Court • Guitar Hero: World Tour • Minimum Advertised Price

MARKET Open

 Stocks Skid on Jobs Numbers 


Dec 11, 08 8:52 AM CST
(Newser) - Stocks dipped at the open today, thanks to a sharp jump in jobless claims and more negative corporate news. The Dow fell 119 points, while the S&P and Nasdaq dropped 1.2% and 1.5% respectively, after the Labor Department announced that new unemployment claims hit a 26-year high... More »

MORE ABOUT:
stock market • Costco • Nasdaq • Dow • Eli Lilly • jobless claims • S&P 500 • Procter & Gamble

(Newser) - Manufacturers have gone on the offensive to stop discounters from selling their products for less than the minimum advertised price they set, reports the Wall Street Journal. But companies like eBay and Costco are pushing for laws to ban the minimum prices. Some retailers, like Circuit City, use workarounds to... More »

MORE ABOUT:
eBay • Costco • online retailers • price fixing • online shopping • retail businesses

 CEO: Starbucks Perking Up 

After drop in third quarter, coffee chain's sales improved in October

Oct 29, 08 6:14 PM CDT
(Newser) - Starbucks' CEO says the company is percolating again and may have hit bottom in the quarter that ended in September, the Wall Street Journal reports. The chain again saw declining sales, says Howard Schultz, but he also noted a “slight improvement” in October. Starbucks has been shutting stores, and... More »

MORE ABOUT:
Howard Schultz • Starbucks • Costco • coffee • quarterly results • economy

OPINION

The Costco Effect: Buy Cheap, Spend (and Eat) More

Having more of a good thing around the house can mean less in your wallet

Sep 25, 08 3:30 PM CDT
(Newser) - Sure, warehouse stores are cheap: one exec says Costco marks up product at around 10%, compared to 20% at normal supermarkets. But, Neal Templin wonders in the Wall Street Journal, do bulk purchases actually save you money? “When there are more bagels in my refrigerator, I consume more of... More »

MORE ABOUT:
food • Costco • budget • Sam's Club • bulk purchases • warehouse store

Nothing to Fear in Public School
as Costco

Author/radio host/mom Sandra Tsing Loh outlines latest quest

Aug 19, 08 1:48 PM CDT
(Newser) - For many urban, middle-class parents, sending kids to public school is a terrifying prospect. If you’re among that fretting class, Sandra Tsing Loh has a message: Chill out. In Mother on Fire: A True Motherf%#$@ Story About Parenting, Loh recounts her own journey through the school conundrum, and realizes... More »

MORE ABOUT:
education • parenting • Costco • public schools • Sandra Tsing Loh

MARKETS

 Street Rallies on Retail, Jobs 

Wal-Mart among big winners as indices rebound from 3 days of losses

Jun 5, 08 3:17 PM CDT
(Newser) - The markets rebounded from a 3-day losing streak today as retailers posted strong sales and weekly claims for jobless benefits fell, the Wall Street Journal reports. The Dow climbed 213.97, closing at 12,604.45, and the Nasdaq gained 46.80 to settle at 2,549.94. The S&... More »

MORE ABOUT:
retail • Costco • Dow Jones • Nasdaq • Department of Commerce • jobless claims • S&P 500 • Wal-Mart • BJ's Wholesale Club

Sam's Club Joins Costco
in Limiting Rice Purchases

Warehouse chains react to rising prices, apparent hoarding

Apr 23, 08 8:25 PM CDT
(Newser) - Sam's Club joined Costco today in limiting how much rice customers can buy, Bloomberg reports. The restrictions by the nation's largest warehouse retail chains come with the price of rice at record highs around the world, which has spurred some to begin hoarding, Bloomberg notes. Sam's Club customers can buy... More »

MORE ABOUT:
Costco • Sam's Club • food prices • Wal-Mart • flour • rice prices

Costco Sees High Demand
for Basics Rice, Flour

CEO attributes run to customer uncertainty over food supplies

Apr 22, 08 9:56 PM CDT
(Newser) - Costco is seeing unusually high demand for basics such as rice and flour, Reuters reports, a development the warehouse giant attributes to customer uncertainty over global food shortages. The company, which sells to individual shoppers as well as restaurants, has put limits in place for those items at some stores.... More »

MORE ABOUT:
Costco • food prices • food supply • flour • rice prices

 March Retail Sales Fall Flat 

Easter partly to blame as chains fall short of expectations

Apr 10, 08 11:29 AM CDT
(Newser) - Retailers’ same-store sales were flat in March, due in part to an early Easter, the Wall Street Journal reports. The Thomson Financial Same Store Sales Index, projected to sink 0.1%, fell 1.1%, excluding Wal-Mart. Shoppers weren’t ready to buy for spring on the heels of winter, store... More »

MORE ABOUT:
Costco • Easter • gas prices • retail sales • Target • Wal-Mart • same-store sales • Thomson Financial Same Store Sales Index • Gap

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

Mar 6, 08 10:47 AM CST
(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating... More »

MORE ABOUT:
retail • Costco • JCPenney • Sam's Club • Macy's • consumer spending • Home Depot • retail sales • Target • Victoria's Secret • Sears • National Retail Federation • Wal-Mart • Abercrombie & Fitch • American Eagle • BJ's Wholesale Club • Thomson Financial Same Store Sales Index • Kohl's • Saks • Gap • Banana Republic • Limited • Buckle • Pacific Sunwear • Wet Seal • Aeropostale

Slow Jan. Sales Worry Retailers

Wal-Mart misses January projections as recession concerns gain momentum

Feb 7, 08 8:46 AM CST
(Newser) - Winter storms and lagging gift-card redemption iced Wal-Mart’s January same-store sales growth, the retailer said, raising concerns the US is in a recession, reports the Wall Street Journal. Wal-Mart expected 2% sales growth in stores open more than a year, but saw sales bump just 0.5%. Its 1.... More »

MORE ABOUT:
International Council of Shopping Centers • Costco • recession • retail sales • weak dollar • weakening economy • Wal-Mart • January sales • same-store sales • sales projections

No-Frills Chain Has CEO
to Match

Costco's Jim Sinegal wins loyalty of his workers, customers

Dec 2, 07 9:05 AM CST
(Newser) - With his hot-dog lunches, second-hand desk, and disdain of ties, Jim Sinegal of Costco is not your typical Fortune 500 CEO. But the 71-year-old's steadfast devotion to the company's no-frills business plan and generosity to employees has helped make Costco a formidable player in the retail business, writes the Seattle ... More »

MORE ABOUT:
Wall Street • Costco • wages • Sam's Club • employers • Jim Sinegal

Martha Uncorks Wine Venture

Home diva teams up with California winemaker to market $15 bottles

Sep 16, 07 3:49 PM CDT
(Newser) - Martha's Stewart's next move might sound a little tipsy. The home diva is teaming with California wine magnate Gallo to launch Martha Stewart Vintage, which will distribute $15 bottles of Sonoma County chardonnay, cab, and merlot. The initial 15,000 cases will be released in cities where Stewart has a... More »

MORE ABOUT:
Costco • wine • Martha Stewart • Macy's • Gallo

Whole Foods Cannot
Sow Wild Oats

FTC accuses crunchy granola types of monopoly grab

Jun 6, 07 8:30 PM CDT
(Newser) - Even crunchy granola types may be monopolists at heart—at least according to the Federal Trade Commission.The FTC said yesterday it wants to block Whole Foods’ $670 million purchase of Wild Oats Markets, claiming that the sale will result in even higher-than-usual prices at the natural foods stores. More »

MORE ABOUT:
food • Costco • merger • Whole Foods • Wild Oats • FTC • Wal-Mart

Death Be Not Proud
(At a Discount)

Apr 12, 07 4:47 PM CDT
(Newser) - What does it say about us, Mark Morford asks, that wandering the aisles at Costco in Palm Desert, CA, we come upon not only drums of olive oil and eighty-packs of frozen cream puffs, but over there, right next to the tires and the lawn furniture and right behind the... More »

MORE ABOUT:
shopping • Costco • coffin • casket • consumer • death

19 Stories


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