twice connect

Costco Q1 Sales Increase 9%

12/12/2002 09:33:00 AM Eastern

Issaquah, Wash. - Net sales at warehouse club Costco Wholesale jumped 9 percent in the retailer's fiscal first quarter, hitting $9 billion, up from $8.3 billion in the year-ago period.

Comparable-store sales increased 4 percent in the three months.

Net income at Costco climbed 12 percent in the first quarter, ending November 24, reaching $145.7 million, compared with $129.7 million in the same period in 2001.

The company, which operates 411 warehouse clubs, 304 in the United States, reported operating income of $237.8 million in the first three months, up from $215.4 million in the first quarter of last year.

NATM Annual Meeting

Besides the usual business of planning out the

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in