NEWS ABOUT: Costco

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Costco, Trader Joe's Peaches, Plums Recalled

California packing company says it has fixed the listeria risk

(Newser) - Watch out for those plums and peaches: A California packing company has recalled fruit sent to big stores around the country after internal testing revealed possible listeria contamination. The recall affects whole white and yellow peaches, white and yellow nectarines, plums, and pluots sent to stores, including Costco, Trader Joe'... More »

New Amazon Competitor Is Like an 'Online Costco'

Boxed was built by 10 people in 90 days with just $1M

(Newser) - Amazon.com has a new competitor to deal with this holiday shopping season—a company built in 90 days with just over $1 million in initial funding. Now six months old, Boxed "is the online Costco," Quartz reports, delivering bulk goods straight to your door within two days... More »

5 Stores That Refuse to Open on Black Thursday

Don't line up outside Costco, TJ Maxx, Marshalls

(Newser) - There are plenty of stores ready to compete with Grandma's pumpkin pie tomorrow, but a handful are holding back. 24/7 Wall St. rounds up those that won't be participating in the mayhem of Thanksgiving Day shopping, and notes they may even see a jump in sales on Friday... More »

Costco Sorry About Labeling Bible 'Fiction'

Pastor spotted it, raised a stink

(Newser) - Costco is trying to wriggle out of an inadvertent theological debate it entered this week with an apology. The flap began when a pastor in California's Simi Valley spotted a Bible for sale with a label of "fiction," reports the LA Times . After Caleb Kaltenbach's resulting... More »

Organic Costco Berries Linked to Hepatitis A

Feds issue warning about Townsend brand after 30 illnesses

(Newser) - The FDA is investigating an outbreak of hepatitis A linked to a frozen organic berry mix sold by an Oregon company. Thirty illnesses are linked to Townsend Farms Organic Anti-Oxidant Blend, which contains pomegranate seed mix. Illnesses were reported in Colorado, New Mexico, Nevada, Arizona, and California. Several of those... More »

Tiffany Sues Costco for Billions Over Fake Rings

Costco allegedly sold hundreds of rings falsely claiming they were Tiffany

(Newser) - Costco has been hit by a potentially multi-billion-dollar lawsuit by Tiffany, as the luxury goods company claims the giant retailer sold hundreds, if not thousands, of diamond engagement rings labeled as Tiffany—which they weren't, reports Reuters . Tiffany was told by a customer in November that rings in a... More »

Griping About Work Online Is (Mostly) Protected

Employees have a right to band together, say recent rulings

(Newser) - Companies have been overstepping their authority by restricting workers' online comments, say federal officials who are moving to fix the issue. Labor regulators have deemed some firings over social-network discussions illegal, arguing that companies' rules regarding online speech are far too broad, the New York Times reports. A lot of... More »

Joan Rivers Protests 'Nazi' Costco...

By handcuffing herself to a stranger's cart, yelling about 'Indians'

(Newser) - Joan Rivers created quite a scene at Costco yesterday, yelling through a megaphone that the store is "like Nazi Germany" and will probably start "burning the Bible" next, before handcuffing herself to a shopper's cart. Rivers staged the protest at a California store because, she claims, Costco... More »

And America's Best Bagels Are...

Consumer Reports likes Dunkin' Donuts, Lender's, and CostCo

(Newser) - You don't have to be in New York to get a good bagel, Consumer Reports finds: Three big brands offer decent alternatives. In a comparison of eight plain and four "everything" bagels, testers found Dunkin' Donuts, Lender's Original, and Costco to be the best options. Each scored... More »

20 Costco Workers Hit $201M Lottery Jackpot

Long Islanders become quick millionaires on Powerball

(Newser) - A Long Island Costco store had to make do with a skeleton crew because 20 employees struck it rich in the lottery, reports the New York Post . They hit the $201 million Powerball jackpot Wednesday, meaning they'll pocket about $3.5 million apiece if they take the lump-sum payout... More »

Now at Costco: A $1M Diamond Ring

And that's apparently a discount

(Newser) - Finally, Costco is catering to its multi-millionaire clientele. The discount retailer is now selling a 6.77 ct diamond ring for a million bucks, the Consumerist reports. Costco has sold some high-end diamond jewelry in the past, starting with a $180,000 ring in 2005, but a million is quite... More »

Costco Fights Washington Liquor Laws

Big-box retailer seeks to cut middleman, boost profits

(Newser) - Costco is out to change the face of alcohol distribution—and, not coincidentally, sell booze at the same steep discount it applies to everything else. It’s starting with a push in its home state of Washington, where the retain giant has pumped $500,000 into a campaign to change... More »

'Prepper' Movement Goes Mainstream

The new survivalists are no longer just on the fringe

(Newser) - The “ preppers ”—survivalists hoarding supplies and learning essential skills in anticipation of a disastrous event—may have seemed like a fringe movement at first, but they’re growing. Don’t believe it? Just take a look at the numerous blogs, podcasts, and websites that teach everything from... More »

Coke, Costco Bury the Hatchet

Bulk retailer, beverage titan reconcile pricing dispute

(Newser) - Coca-Cola and Costco have ironed out a pricing dispute that kept the warehouse chain from restocking its shelves with the soda titan's products for over a month. Coke devotees should be seeing their favorite beverages at the stores soon, Costco CFO Richard Galanti said. "Our sign on shelves—'Until... More »

Starbucks Goes Instant

Company has high hopes for new $1 powdered coffee

(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 »

Stocks Up on Positive Job Data

(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 »

Retail Drives Dow Down 122

Bank of America continues fall as government fix remains unclear

(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 »

Minimum-Price Policies Limit Retailer Discounts

(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 »

Stocks Skid on Jobs Numbers

(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 »

Cybercops Bust Retailers Whose Deals Are Too Good

(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 »

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