Shoppers did their part this holiday season, spending more on clothes, jewelry and luxury items than last year, according to new sales tallies from MasterCard SpendingPulse, which tracks purchases by credit card, cash and other…
The giant retailer’s profits grew 9% in the third quarter to $3.4 billion. However, revenue disappointed analysts, mainly due to a small sales decline at Walmart U.S. operations. Still, the company raised its future earnings gu…
It means more shoppers are in stores, but they’re also spending more carefully. That’s not necessarily bad news for the holiday season. It’s just that retailers have accepted they’ll have to work hard this year to keep register…
Wal-Mart Stores (WMT) CEO Michael Duke said he is “optimistic” that foreign companies will be allowed to invest in the Indian retail sector.
Wal-Mart is hoping that India’s government will loosen restrictions on foreign investment after the trade min…
Costco Wholesale Corp (COST) reported earnings of 97 cents per diluted share for the quarter ended Aug. 29, compared with 85 cents per diluted share a year earlier.
Net sales rose to $23.59 billion, from $21.89 billion a year earlier, the company said in a statement. Comparable sales rose 6% from a year earlier, driven by strong international growth.
Earnings for the full year were…
Continue reading Costco Earnings Rise on Overseas Strength
Costco Earnings Rise on Overseas Strength originally appeared on DailyFinance on Wed, 06 Oct 2010 06:29:00.
Filed Under: Company News, Economy, Earnings, Costco, Retail