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NEWS ABOUT: Costco

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Slow Jan. Sales Worry Retailers

Wal-Mart misses January projections as recession concerns gain momentum

(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 »

No-Frills Chain Has CEO to Match

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

(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 »

Martha Uncorks Wine Venture

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

(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 »

Whole Foods Cannot Sow Wild Oats

FTC accuses crunchy granola types of monopoly grab

(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 »

Death Be Not Proud (At a Discount)

(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 »

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