Friday, May 26, 2017

Amid retail malaise, Costco has a healthy quarter

Shoppers look in the bakery and meat departments at Costco in Issaquah Monday March 14, 2016. — 0436626746 (Bettina Hansen/The Seattle Times)A slump among some retailers and the onslaught of online competition wasn’t enough to deter Costco, which posted healthy third-quarter earnings and sales growth Thursday.

Companywide, Costco’s comparable sales grew 5 percent, excluding the impact of fluctuating gas prices and foreign exchange. That’s higher than the 2 to 3 percent growth the company logged in the past four quarters. . . more

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