Costco Wholesale Corp

Mandel Ngan | Afp | Getty ImagesCostco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.Shares of the retailer fell about 4% in aftermarket trading. The retailer's stock had hit a 52-week high earlier in the day.The company offered few details on its quarterly performance in a news release, but will hold an investor call at 5 p.m. ET.Here's what the retailer reported for its fiscal second quarter of 2024 compared with…

Albertsons and Kroger supermarketsBridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty ImagesThe U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers.In a release, the FTC said it issued an administrative complaint and authorized a lawsuit in federal court to stop Kroger's $24.6 billion acquisition of Albertsons, which would create one of the…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We're no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the CNBC Investing Club's annual meeting on Saturday, I asked Jim Cramer for some quick thoughts on some of the day's portfolio movers. " Ford seems really interesting as the electric vehicle market slows down," Jim said.…

Walmart started carrying lab-grown diamonds last year in select stores. Now, it has expanded that to nearly 90 items that range from $78 to $498 available at the majority of its stores.Mike Calia | CNBCSECAUCUS, N.J. — Here, shoppers can browse engagement rings, tennis bracelets and pendant necklaces displayed behind glass. Then, they can walk a few yards to grab milk, cereal or socks.Welcome to Walmart.During recent inflation, the world's largest retailer attracted new and higher-income shoppers with cheaper groceries.…

Rafael Henrique | Lightrocket | Getty ImagesWalmart is reducing the cost of its subscription service for Americans who receive food stamps and some other types of government assistance, as it pushes to grow the program and notices more price sensitivity among shoppers.The nation's largest retailer said Thursday that it will cut the price of Walmart+ in half for those low-income households. Starting July 20, customers who are eligible for qualifying government aid can pay $49 a year or $6.47 on a monthly basis for…

Exterior view of a Costco store on August 18, 2020 in Teterboro, New Jersey.Kena Betancur | Corbis News | Getty ImagesCostco is taking a page from Netflix's book.The retailer is cracking down on people sneaking into its clubs and trying to shop with other people's membership cards, it said Tuesday.Costco said it has always asked shoppers for their membership cards at the cash registers when they check out. Now, it is also requesting to see cards with a photo at self-checkout registers — and to view a photo ID if a…

A Target logo is displayed on the screen of a smartphone.Sheldon Cooper | SOPA Images | Lightrocket | Getty ImagesTarget has a new way to speed packages to customers who live in the farther-out suburbs and neighborhoods of major cities, as it tries to give its e-commerce business a jolt.The big-box retailer said Wednesday that it is testing an extension facility that helps it get online orders to more shoppers the day after they click "buy." It opened the first one last month in Smyrna, Georgia, about 16 miles northwest…

It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. When Mary Dillon, revered on Wall Street for her eight-year run at Ulta Beauty (ULTA), was named to the top job at Foot Locker (FL) last year, the shoe retailer's stock jumped 20% in a single session. Dillon's track record of turning Ulta around is why the Club started a position in Foot Locker back in March. We hope she can work her magic again. The reaction to Dillon's appointment highlights a CEO's outsized influence over a…

In this photo illustration, packages of Mifepristone tablets are displayed at a family planning clinic on April 13, 2023 in Rockville, Maryland. Anna Moneymaker | Getty ImagesHouse Democrats on Thursday called on Walmart, Costco, Kroger, Safeway and Health Mart to publicly commit to sell the prescription abortion pill mifepristone at their retail pharmacies.Pending lawsuits have jeopardized mifepristone's approval in the U.S. For now, it is the most common method to terminate a pregnancy in the country.The five companies…

A Target department store in North Miami Beach, Florida, May 17, 2023.Joe Raedle | Getty ImagesMore grocery purchases, fewer ambitious do-it-yourself projects and last-minute splurges at the store.This week, some of the biggest retailers in the country reported earnings and described how their customers are shopping. As Home Depot, Target and Walmart reported their quarterly sales and shared full-year outlooks, the companies offered up the latest clues about the health of the American consumer and previewed what could be…