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Costco Wholesale Corporation (COST)

  • Oct. 10, 2012, 3:55 AM
    Costco Wholesale (COST): FQ4 EPS of $1.39 beats by $0.08. Revenues of $31.52B (+14% Y/Y) misses by $0.17B. (PR)
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  • Oct. 10, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: COST, HST, PGR
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  • Oct. 9, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: COST, HST, PGR
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  • Oct. 4, 2012, 11:26 AM
    September retail winners and losers: With J.C. Penney and Sears Holdings bleeding customers it was Gap (GPS), Limited Brands (LTD -0.1%), and TJX Companies (TJX +0.9%) showing positive trends and possibly picking up some shopping refugees from the embattled department store chains. Target (TGT +0.8%) and Costco (COST +0.9%) only held serve for the month, while Kohl's (KSS -1.8%) appears to have misfired with its strategies. Alarming results continue at Wet Seal (WTSLA -0.6%) and Fred's (FRED +0.3%). (Retail sales roundup)
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  • Oct. 4, 2012, 7:57 AM
    The vibe flowing out of September sales reports from retailers is largely positive with big names such as Costo and Limited Brands showing brisk sales, while teen seller Zumiez (ZUMZ) knocked it out of the park with 18.6% growth. Although back-to-school season numbers look to be beating expectations, the best gift for retail investors may be when Q3 reports roll in with companies showing improved margins as clearance sales were avoided and inventory controls clicked.
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  • Oct. 4, 2012, 6:18 AM
    Costco (COST) Sep same-store sales: +6.0% vs. consensus of +5.7%. Total sales +8% to $9.31B (PR)
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  • Oct. 2, 2012, 6:45 AM
    The National Retail Federation expects holiday sales to rise 4.1% to $586.1B this year. Though the mark would rep the slowest pace of growth since 2009, the forecast is still higher than the average growth of 3.5% realized over the last ten years for the November to December period. Online retail is still a bright spot, with holiday sales expected to rise 12% this year to $96B.
  • Oct. 1, 2012, 1:46 PM
    Citigroup analyst Deborah Weinswig advises retailers to keep a sharp focus on online initiatives despite the staggering growth numbers bandied about for mobile and social networking sales. Estimates from Forrester Research indicate online retail sales will surge to $327B by 2016 - a mark that is estimated to be 10X greater than what smartphone sales will generate. A roadmap for retailers: Adopt a clever omnichannel strategy that produces synergistic benefits to complement online and brick-and-mortar businesses instead of poaching sales with hyper-aggressive mobile promotions.
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  • Sep. 27, 2012, 12:44 PM
    Young shoppers are the force behind the rapid growth of showrooming with their grasp on how to use mobile devices to find the best deals, according to research by AlixPartners. Naturally, Amazon (AMZN +2.2%) appears to be a beneficiary of the trend, but brick-and-mortar retailers could have a secret weapon. A retail brief published by Aimia suggests that the very same savvy young shoppers who make showrooming a force of habit are also the most loyal reward program participants. The end game: A loyalty program with soft benefits could steal Amazon's thunder.
  • Sep. 26, 2012, 3:41 PM
    BofA Merrill bumps up its price target on Costco (COST -0.4%) by 12% today, taking it to $110 from $98 on strong Fall and holiday expectations, continued new store growth and core comp strength.
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  • Sep. 25, 2012, 1:14 PM
    Toys R Us Chairman Jerry Storch makes the case on Squawk Box that brick-and-mortar stores won't go away anytime soon, but will morph into mini-distribution centers. The line of thought follows a recent trend by retail players of using existing stores as fulfillment centers and showcasing more extensive pick up options to online buyers. The end game: Retail stores see a competitive advantage over Amazon if they can deliver products faster as they still dream about ultimately offering the holy grail of online shopping - same-day delivery.
  • Sep. 21, 2012, 1:38 PM
    National Retail Federation spokesperson Kathy Grannis connects the dots to see a big Halloween for major retailers. Though pop-up Halloween stores are increasingly popular, they can't keep up the surge in spending on costumes that's been seen in the last few years. Add in to the mix the upcoming presidential election with the tantalizing temptation to dress up as a political figure and it all adds up to a potentially nice October boost for Target (TGT -0.1%), Wal-Mart (WMT -0.3%), and Costco (COST +0.4%) amongst others.
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  • Sep. 19, 2012, 1:28 PM
    Argus increases its price target on Buy-rated Costco (COST +0.1%) by $10 to take it to $110 with its view that higher gas prices will bring in additional traffic to Costco stores. The retail name also landed on Morgan Stanley's narrow list of the top retail, food, or drug stocks for investors to be long for the remainder of 2012.
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  • Sep. 13, 2012, 7:26 AM
    Costco (COST) faces a federal lawsuit filed by furniture manufacturer MyHaven over claims of trademark infringement. The company alleges Costco sold a line that duplicated numerous non-functional features of its own designs.
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  • Sep. 12, 2012, 7:07 AM
    ShopperTrak forecasts retail holiday traffic will rise this year for the first time since 2007 with shopping trends looking positive. The data firm sees U.S. retail sales up 3.3% Y/Y and foot traffic gaining 2.8% for the holiday period.
  • Aug. 30, 2012, 1:55 PM
    Today's round of strong sale reports from major retailers may give firms the confidence to hold back on more promotional activity heading into the holiday season, according to AlixPartners. One promising trend is that shoppers stepped out to buy bolder, more fashion-oriented lines - instead of just replenishing the basics. With the retail table now set for a strong Q3 as the back-to-school season roars to a powerful start, optimism starts to creep up that consumers might even keep the good vibes going right through the crucial holiday period.
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Company Description
Costco Wholesale Corp and its subsidiaries operate membership warehouses. It offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.