PYMNTS-MonitorEdge-May-2024

Costco

Pet Food Sales Spike During Coronavirus Scare
Pet Food Sales Spike During Coronavirus Scare
March 27, 2020  |  Coronavirus

The coronavirus crisis has caused a spike in pet food sales as people are panic buying food for their pets, according to a report by...

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Cramer: Virus Could Leave US With Only 3 Retailers
Cramer: Virus Could Leave US With Only 3 Retailers
March 20, 2020  |  Coronavirus

CNBC’s Jim Cramer said on Friday (March 20) that he’s worried one of the consequences of the coronavirus pandemic will be that there will be...

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Costco Pays $1B To Sears Owner For Logistics Co Innovel
Costco Pays $1B To Sears Owner For Logistics Co Innovel
March 17, 2020  |  Retail

Costco has announced the purchase of logistics company Innovel Solutions, which was owned by Sears parent company Transform Holdco, according to a report by The...

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The Global Rush To Create Connected Communities
The Global Rush To Create Connected Communities
March 10, 2020  |  Coronavirus

Despite being less than halfway through, it seems clear at this point that the second week of March will make the list for wildest weeks...

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Costco Struggles To Keep Up With Coronavirus Demand
Costco Struggles To Keep Up With Coronavirus Demand
March 10, 2020  |  Retail

As customers visit Costco to stock their pantries amid the coronavirus outbreak, CFO Richard Galanti said on an earnings call last week that the retailer’s...

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Costco Posts Solid Quarter, Limits Virus-Related Items
Costco Posts Solid Quarter, Limits Virus-Related Items
March 06, 2020  |  Earnings

Used to be that retail earnings reports were about numbers. Now they’re about viruses. That was the case yesterday as Costco announced Q4 earnings per...

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Coronavirus: Costco Sees Lines Over The Weekend, Goldman Sachs Tells Staff To Delay Inessential Int’l Travel
Coronavirus: Costco Sees Lines Over The Weekend, Goldman Sachs Tells Staff To Delay Inessential Int’l...
March 02, 2020  |  Economy

The coronavirus has wide-reaching effects on warehouse clubs, business travel, tourism and the economy as a whole. Here are the latest updates on its impacts...

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AmEx Reportedly Used High-Pressure Tactics To Boost SMB Sales
AmEx Reportedly Used High-Pressure Tactics To Boost SMB Sales
March 01, 2020  |  SMBs

Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close...

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Robots Are Just One Way Big-Box Retail Is Driving Innovation
Robots Are Just One Way Big-Box Retail Is Driving Innovation
January 10, 2020  |  Retail

Big-box retail is getting a refresh for 2020, at least in some parts. Take Costco. The big-box membership retail store saw its sales continuously rise...

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