Costco

Costco Launches Same-Day Grocery Delivery
October 9, 2017 at 11:53 am

Costco announced last week that it's offering customers same-day grocery delivery. On Thursday, the company announced two new delivery options: two-day delivery for dry goods, and same-day delivery for orders that include fresh foods. The same-day service will be powered by grocery delivery company Instacart. The same-day delivery option, available in “most metropolitan areas,” lets…

Costco Accused of Improper Sales Tax Charges
September 19, 2016 at 12:55 pm

A New Jersey couple on Friday filed a class-action lawsuit against Costco Wholesale, claiming it has been illegally overcharging them — and potentially hundreds of  thousands of other customers — by charging sales tax on toilet tissue purchases in violation of state law. Toilet tissue sold for household use is exempt from New Jersey's 7 percent…

Costco's Move to Visa Cards Brings Problems
June 24, 2016 at 10:19 am

On Monday, Costco took the final step in severing its 17-year relationship with American Express and began exclusively accepting Visa for credit card purchases at its stores. For more than 11 million customers, the switch meant cutting up their Costco-branded American Express cards and swapping them for a new Visa card issued by Citigroup. A transition…

Costco Will Raise Minimum Wage as Competition for Workers Grows
March 4, 2016 at 9:50 am

Costco Wholesale Corp. will lift its minimum wage for the first time in nine years, by a $1.50 an hour, as the labor market tightens and competitors start giving workers a raise. The second-largest U.S. retailer will start paying at least $13-to-$13.50 an hour, up from $11.50-to-$12 an hour, the company said Thursday in a…

After Losing Costco, American Express Cuts Deal With Sam's Club
September 11, 2015 at 10:36 am

Seven months after splitting with longtime partner Costco Wholesale Corp., American Express Co. said Thursday that its cards will be accepted at rival membership warehouse Sam's Club starting Oct. 1. Sam's Club, a division of Wal-Mart Stores Inc., has 653 stores in the U.S. and Puerto Rico.  

Costco Sold Counterfeit Tiffany Engagement Rings
September 9, 2015 at 11:18 am

Costco willfully infringed Tiffany & Co's trademarks by selling counterfeit diamond engagement rings bearing the luxury retailer's name, and now must face a jury trial to assess damages, a U.S. judge ruled on Tuesday. U.S. District Judge Laura Taylor Swain in Manhattan rejected claims by Costco that Tiffany's trademarks were invalid because they sought to prevent…

Costco, Sam's Club, Others Halt Photo Sites Over Possible Breach
July 21, 2015 at 2:00 pm

Costco Wholesale, Sam's Club and a handful of other large retailers have disabled their online photo printing stores in recent days, on concerns about a possible data breach at PNI Digital Media, which manages and/or hosts photo services sites.

Why Costco Wins Globally Where Many Falter
July 7, 2015 at 2:44 pm

This year Costco will expand its presence in the United Kingdom, Japan and Spain. The retailer's membership format has found appeal in many foreign countries, and I see more success ahead. There are now 674 Costco warehouse clubs in operation globally, 475 in the United States and 199 units outside the U.S.

Costco Quietly Testing New Store Concept for 23 Years
June 30, 2015 at 1:55 pm

For over 20 years, warehouse club juggernaut Costco Wholesale Corp. has quietly been dabbling in a new market: selling supplies specifically tailored to small businesses. Now, Costco could be looking to move more aggressively with a store format in a bid to head off competition from Wal-Mart's small-business friendly brand Sam's Club, as well as…

Wal-Mart Goes Back on the Offensive With Price
April 7, 2015

Wal-Mart has a message for its vendors: keep those trade funds and put them toward the cost of goods. Wal-Mart wants even lower prices from suppliers to put more distance between itself and competitors, many of whom depend on vendor dollars. While it's not unusual for a retailer to pressure manufacturers for lower prices, the move by Wal-Mart, first reported by The City Wire's Kim Souza in February and again last week by The Wall Street Journal, is significant because of increasing competition from a wide range of rivals, including Aldi, Costco, Dollar General and Kroger.