San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Issaquah, Wash. — Strength in CE contributed to a 7 percent increase in Costco’s April sales.
Net sales were just shy of $8 billion for the four weeks, ended May 5, and U.S. comp sales rose 4 percent excluding gasoline.
The No. 1 warehouse club cited consumer electronics as one the “better performing” categories within its hardlines sector.
Issaquah, Wash. — Costco cited CE among its better-performing hardlines categories in March.
Comp-store sales of hardlines rose by the mid-single digits for the five weeks, ended April 7, the retailer reported.
Janney Montgomery Scott analyst David Strasser noted that CE’s resurgence at Costco began last May, differentiating the warehouse club from industry trends.
Costco’s total U.S. comp-store sales increased 6 percent during the period, excluding the impact of lower gasoline prices, and net March sales rose 7 percent to $9.7 billion.
Issaquah, Wash. — Double-digit growth in membership fees and a one-time tax benefit helped push Costco’s second-quarter earnings up 38.8 percent to $547 million.
Net sales for the three months, ended Feb. 17, rose 8 percent to $24.3 billion and comparable sales at U.S. stores increased 5 percent, excluding the positive impact of higher gasoline prices.
Membership-fee income rose 15 percent to $528 million, and the company enjoyed a $62 million tax benefit related to a 401(k) plan contribution.
Issaquah, Wash. — Costco reported an 8 percent increase in February sales due in part to a strong showing in CE.
Net sales hit $7.6 billion for the four weeks, ended March 3, and U.S. comps excluding gasoline rose 6 percent.
Continuing a 10-month trend, the No. 1 wholesale club described electronics as one of its “better performing” hardlines categories, contributing to a slightly better than mid-single-digit comp gain for the hardlines sector.
New York – CE played varying roles in the solid year-end sales results reported by big-box chains.
Conn’s, the multiregional retailer, said soaring furniture and mattress sales offset a 4.8 percent decline in January CE comps to deliver a 10 percent increase in same-store sales.
Similarly, Target reported a “slight decline” in January comps for its hardlines category, which includes CE.
Chicago – Premium gaming accessories supplier SteelSeries is expanding its North American retail footprint in time for the holiday shopping season.
Consumers can now find select SteelSeries gaming audio, mice, keyboards, controllers and mousepads at h.h. gregg, EB Games Canada, Staples Canada, London Drug, Target.com, Costco.com, Hastings, TigerDirect and The Source.