News

Costco’s sales rise in December

BY Allison Cerra

ISSAQUAH, Wash. — Net sales for December at Costco rose 11% to nearly $9.2 billion for the five weeks ended Jan. 2, compared with the year-ago period.

Same-store sales rose 4%, while international same-store sales rose 12%.

Costco currently operates 582 warehouses, including 425 in the United States and Puerto Rico.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Fred’s December sales strategy leads to ‘modest’ improvement

BY Michael Johnsen

MEMPHIS, Tenn. — Fred’s on Thursday posted a same-store sales lift of 0.2% for the five weeks ended Jan. 1, compared with an increase of 1.3% in the same period last year. Fred’s total sales for the month increased 1% to $210.6 million.

"Our strategy for December to drive profitability with lower promotional advertising and reduced markdowns resulted in a modest sales improvement, as expected,” stated Bruce Efird, Fred’s CEO. “We did experience softness in the pharmacy department sales, which trended lower as generic drugs reached a new high penetration level, driving the average prescription price lower and more than offsetting the sales gains from comparable-store scripts.”

During December, Fred’s opened two new stores and one additional pharmacy express store.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Shaw’s to close five stores

BY Michael Johnsen

WEST BRIDGEWATER, Mass. — Shaw’s Supermarkets, a Supervalu banner, on Wednesday announced five store closures in the coming week — three in Massachusetts and two in Rhode Island — according to published reports.

Shaw’s currently operates 174 stores in New England.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?