Costco

lululemon has filed a lawsuit against Costco that accuses the wholesale club operator of selling lower-priced duplicates of some of its popular athleisure clothing, reports CNBC. lululemon athletica claims in its lawsuit filed in the U.S. District Court for the Central District of California that Costco has “unlawfully traded” on its reputation, goodwill and sweat…

A union representing thousands of Costco employees voted to authorize a strike, paving the way for a work stoppage if the labor group and retailer do not reach an agreement, reports CNBC. Costco Teamsters, the union with 18,000 employees for the retailer nationwide, said 85 percent of members voted to approve the action. The current…

Costco has raised starting wages for hourly workers again, this time to $17, the retailer confirmed to Insider in an email. The raise went into effect on Oct. 25. The big-box store last raised its minimum wage to $16 in February 2021, from $15 that it had been since 2019. Costco CEO W. Craig Jelinek…

Costco is renting its own container ships to prevent delays and keep costs down as the global shipping crisis continues, according to Business Insider. In a call with analysts Thursday, Costco CFO Richard Galanti said the retailer has chartered three ships to import products from Asia to the U.S. and Canada to help Costco avoid spending six times the normal price…

Connecting with individual shoppers is the mandate for retailers today. Using new technologies, they're capitalizing on internet-connected capabilities, launching new in-store innovations, and more, all to satisfy shifting consumer demands. But it's not enough. Consumers have moved beyond these shiny “new” technology innovations. They now expect a personalized, convenient and flexible shopping experience, and are…

The top five retailers in the U.S. recorded nearly $230 billion in revenue last year ($228.4 billion to be exact). They must be doing something right. Walmart, Amazon.com, Costco, Walgreens, and Home Depot have each built strong brand identities, and all benefit from powerful household recognition and brand equity. As I wrote previously: A brand is the sum…

Despite the fact that many Black Friday sales begin tomorrow, Thanksgiving Day, more than 75 well-known retailers will be closed for the holiday. A list of all of the retailers that will be closed on Thanksgiving Day — including leaders such as Costco, Neiman Marcus, and  T.J.Maxx — can be found on BestBlackFriday.com, a website…

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…

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…

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…