Costco Wholesale News

U.S. retail chains reported October sales that rebounded from the lows of a year ago but many failed to surpass Wall Street's boosted expectations as consumers spend selectively headed into the holiday season.

NEW YORK a ' Encouraging news on jobs and workers' productivity gave investors new reason to be optimistic about the economy and send stocks to big gains.

Filed under: Wal-Mart , Target Corp. , Costco Wholesale , Gap Inc , Nordstrom, Inc There's a chill in the air and a slight up-tick in confidence.

Are the upscale grocery chain's best days behind it? Fourth-quarter net income soared to $36.4 million, or $0.20 per share, from the year-ago $1.5 million, or $0.01 per share.

Upscale retail chain Nordstrom Inc. said sales at stores opened for at least a year increased 6.5 percent in October from the same four-week period a year ago.

For years, warehouse clubs such as BJ's and Costco have filled their towering shelves with family-size cans of baked beans and tubs of peanut butter, but for families receiving government food stamps, those items were out of reach.

Stock futures are higher after the government reported a bigger-than-expected drop in workers seeking unemployment benefits.

Consumers, enticed by cooler weather, early holiday discounts and an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.

Costco Wholesale Corp reported a 5 percent increase in October same-store sales, helped by a weak U.S. dollar that helped push up international sales.

Coca-Cola Hellenic Bottling Co., /quotes/comstock/13*!cch /quotes/nls/cch the Maroussi, Greece, bottler of Coke products, reported third-quarter net income of 206.1 million euros , or 0.57 euro a share.

Costo is in discussions with The Westfield Group about building a warehouse store in Warner Center, where the developer has ambitious plans to connect its Topanga and Promenade malls, the Daily News has learned.

Nearly half of all U.S. children and 90 percent of black youngsters will be on food stamps at some point during childhood, and fallout from the current recession could push those numbers even higher, researchers say.

Let's be very clear about this: The brightest retailing mind in America today is Jim Sinegal, the cofounder and chief executive officer of Costco.

SAN FRANCISCO Costco Wholesale, according to reports, is now accepting food stamps at all of its clubs nationwide.

The Houston maker of the Chi filed a lawsuit this week against Costco Wholesale Corp., alleging that it improperly sells the hairstyling tools, including counterfeit ones.

With many families suddenly struggling to feed themselves, the big warehouse clubs known for king-sized packages of steak and jumbo boxes of Cheerios are increasingly competing with grocery stores for the 36 million Americans now on food stamps.

Tom Petters concocted fake checks and purchase orders as part of a Ponzi scheme to deceive retailers into believing that he was transacting more business with them than he actually was, the U.S. government said at his trial on Thursday.

Filed under: Wal-Mart , Costco Wholesale People need to eat, and Wal-Mart sells food.

Costco Wholesale Corp. said yesterday that it would start accepting food stamps from the 36 million Americans that use them at its warehouse clubs nationwide.

With many families suddenly struggling to feed themselves, the big warehouse clubs known for king-size packages of steak and jumbo boxes of Cheerios are increasingly competing with grocery stores for the 36 million Americans now on food stamps.