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Costco sees increase in August, Q4 net sales

BY Antoinette Alexander

ISSAQUAH, Wash. — Costco reported on Thursday a boost in net sales for August and the fourth quarter.

During the month of August, net sales were $8.8 billion, an increase of 10% from $8 billion during the similar period last year. Same-store sales in the United States increased 7%.

For the 16-week fourth quarter, the company reported net sales of $34.8 billion, an increase of 9% from $31.8 billion in the year-ago period. Same-store sales in the United States increased 6%.

For the 52-week fiscal year ended Aug. 31, Costco reported net sales of $110.2 billion, an increase of 7% compared with the year-ago period. U.S. same-store sales rose 5%.
 

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Alliance Data Systems to provide co-brand and private-label credit card services for Meijer

BY Michael Johnsen

DALLAS — Alliance Data Systems on Thursdy announced it has signed a multi-year agreement to provide co-brand and private-label credit card services for Meijer.
 
Alliance Data will provide credit card marketing services for the Meijer store-branded credit card and the Meijer Platinum MasterCard, which will offer cardmembers the opportunity to accrue Meijer Rewards points for every dollar spent at Meijer, Meijer gas stations and Meijer.com, as well as on all other purchases made with the card. The accrued points allow customers to earn certificates for discounts on future Meijer purchases. 
 
Alliance Data will also work with Meijer to enhance program features designed to recognize and reward cardmembers, and will leverage its loyalty and mobile marketing capabilities to further support one-to-one customer engagement and increase value to cardmembers. 
 
Additionally, Alliance Data signed an agreement to acquire Meijer's existing portfolio of co-brand and private label credit card accounts. Details of the purchase price will not be disclosed, other than to note it is well within norms of the industry, Alliance Data reported. Alliance Data believes that the performance of the acquired portfolio will be consistent with traditional expectations. 
 
The transaction is scheduled to close before the end of 2014, subject to customary closing conditions.  
 
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DEA launches prescription take-back site locator

BY Michael Johnsen

MOUNT PROSPECT, Ill. — The Drug Enforcement Administration National Prescription Drug Take-Back Day collection site locator is now available online, the National Association of Boards of Pharmacy reported Wednesday. The site locator allows consumers to search for a nearby location to dispose of unneeded, unwanted or expired medications on Sept. 27. On this day from 10 a.m. to 2 p.m., thousands of DEA-coordinated collection sites will be available across the country, and consumers are encouraged to use this opportunity to safely and legally dispose of any unneeded pills, including prescription painkillers and other controlled-substance medications, which can only be accepted for disposal when law enforcement is present.

The take-back service is free and anonymous, with no questions asked, according to the DEA. Participating sites will accept tablets, capsules and all other solid dosage forms of unwanted medication. Personal information may be blacked out on prescription bottles, or medications may be emptied from the bottles into bins provided at the locations. 
 
Consumers have disposed of at least 4.1 million pounds of unwanted medication during previous DEA National Prescription Drug Take-Back Days. During the eighth DEA take-back event on April 26, 2014, more than 6,000 locations provided take-back services across the United States.
 

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