Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $22.75 billion for the retail month of September, the five weeks ended October 1, 2023, an increase of 6.0 percent from $21.46 billion last year. The five-week period this year included the last week of the 53-week fiscal year 2023 ended September 3, 2023.
details at: https://investor.costco.com/news/news-details/2023/Costco-Wholesale-Corporation-Reports-September-Sales-Results/default.aspx
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Total revenues across all categories year-to-date were up 6.5%, reaching $14.2 billion. Revenues for the month of December 2024 were down 4.3% as compared to December 2023, coming in at $904.6 million. Trade revenues were up 6.0%, at $9.5 billion on a year-to-date basis. Hardback revenues were up 6.8%, coming in at $3.5 billion; Paperbacks were up 3.0%, with $3.2 billion in revenue; Mass Market was down 13.3% to $122.9 million; and Special Bindings were up 4.3%, with $231.7 million in revenue. eBook revenues were up 1.6% as compared to 2023 for a total of $1.0 billion. The Digital Audio format was up 23.8%, coming in at $1.1 billion in revenue. Physical Audio was down 37.4% coming in at $8.7 million.
J. C. Penney Company, Inc. announced that it has entered into an asset purchase agreement with Brookfield Asset Management, Inc, Simon Property Group and a majority of the Company’s DIP and First Lien Lenders. Key terms of the APA are as follows: *Brookfield and Simon will acquire substantially all of JCPenney’s retail and operating assets (“OpCo”) through a combination of cash and new term loan debt. *The formation of separate property holding companies (“PropCos”), comprising 160 of the Company’s real estate assets and all of its owned distribution centers, which will be owned by the Company’s DIP and First Lien Lenders. *The OpCo and PropCos will enter into master leases with respect to the properties and distribution centers moved into the PropCos (the “Master Lease Agreement”). JCPenney, Simon and Brookfield, and the Majority Lender Group have reached agreement on all outstanding business points in the Master Lease Agreement.
A number of iconic magazines, catalogues and even local newspapers are reviving their print versions to reach their audiences in more relevant and exciting ways. Whether it’s global fashion titles, luxury retail catalogues or community-driven newspapers, people are rediscovering the power of print to make a deep connection with people. Elle Magazine - Four years after it was last printed, the global fashion media brand has made a return to print in Australia, following a resurgence in print magazine sales and associated advertising revenue. NME Magazine - After halting its print version five years ago in favour of an online-only approach, legendary music publication, the NME has returned to print. Neiman Marcus Catalogue - Following the news that Boden has admitted that reducing the scale of their catalogue contributed to a downturn in the company’s fortunes and that they would bring back the widely loved publication, a number of other retail brands are rethinking their attitude to catalogues. Local Newspapers - Print is also making a return at a local level, with publishers and readers rediscovering its ability to forge solid bonds with local communities and feature content that’s highly relevant to its readership.