Costco posts strong results
October 5, 2018
Costco reported that visits to its warehouse clubs increased 4.9 percent in the most recent quarter as sales improved five percent and profits jumped 13.5 percent. Costco reported gains in its e-commerce operation with sales up 32.2 percent in the last fiscal year. Online represents about four percent of Costco’s total sales.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.