Costco Wholesale Corp

A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado.Brent Lewis | Denver Post | Getty ImagesJanuary is typically an overlooked month for retailers.Shoppers make returns and exchanges. They come to stores with gift cards in hand. And they may spring for workout clothes or other items to follow through on New Year's resolutions.But this year, January carries higher stakes. The next few weeks, which close out many retailers' fiscal year, could help determine whether the holiday quarter is a win…

Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C.Kevin Dietsch | Getty Images News | Getty ImagesAs the calendar turns to 2023, workers in more than half of all states have something to look forward to this year: a higher minimum wage.That's occurring as the federal minimum wage stands pat at $7.25 per hour — the same rate since 2009.But many states and cities have put their own rates in place, and most of them are poised to increase in the new year.A total of 26…

Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Investing Club holding Costco (COST). The survey says ... According to an Evercore ISI survey of more than 2,500 U.S. consumers, more than 80% said they'd be willing to pay a higher annual fee to stay in their shopping clubs, up 25 percentage points from 2015. The survey also found that Americans intend to renew memberships at "record high levels," or more than nine of every 10 respondents. "We…

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. However, he also said inflation is generally trending in the right direction, a development that's good for the U.S. economy over the long term. "Overall, it's probably not one of the most exciting Christmases I've ever dealt with, and I think that has a lot to do with the consumer being careful going into next year," Jelinek said in a CNBC interview. We…

HENDERSONVILLE, Tennessee — Dollar General's next big strategy for growth is tucked in a strip mall in suburban Nashville, and it is coming to other cities soon.It's a new store called Popshelf. Over the past two years, the Tennessee-based discounter has tested the store concept, which caters to suburban shoppers with higher incomes, but sells most items for $5 or less.A wide range of merchandise fills the shelves, including holiday-themed platters, party and crafting supplies, novelty foods such as gourmet chocolates and…

CNBC's Jim Cramer on Friday advised investors how to approach the stocks of two retailers that reported earnings this week."Two great retailers. Two sets of expectations. One too high, the other too low. That's the tale of Lululemon and Costco. The former was overestimated, the latter was underestimated," he said.Here are his thoughts on both stocks.Lululemon AthleticaShares of Lululemon tumbled over 12% on Friday. The athletic apparel company reported a beat on third-quarter sales and profit on Thursday after the close,…

Wholesale prices in November may have been slightly hotter than expected, but next week's look at consumer prices is the one that may solidify the Federal Reserve's upcoming interest rate decision. Ultimately, we think the November consumer price index (CPI) holds more weight with the market and the Fed than Friday's wholesale figures, known officially as the producer price index (PPI). Before overreacting to Friday's print , also consider what Club holding Costco (COST) said about inflation in its quarterly results after…

Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand. But the Club continues to see the fundamentals of the business as solid and are encouraged by the bulk retailer's expected membership fee hike and special dividend. Total revenue , which includes revenues from membership fees, increased 8% year-over-year, to $54.44 billion, slightly below the consensus estimate by analysts of $54.64 billion, according to Refinitiv. E-commerce comparable sales…

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in after hours trading.Lululemon – Shares of athletic apparel company Lululemon shed 9% after it said that it sees a weaker fourth quarter than Wall Street analysts expected from the company. For the third quarter, Lululemon beat expectations, reporting earnings of $2.00 per share and $1.86 billion in revenue. Analysts…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. DIS buying opportunity CRM downgrade Costco earnings 1. Disney buying opportunity Shares of Club holding Walt Disney (DIS) saw an uptick following the return of CEO Bob Iger to the top job last month, climbing to around $99 a share at the start of December. But those gains have since been erased, providing a buying opportunity for investors on Thursday. The stock was…