OPERATIONS

Reports: Costco to expand headquarters

BY Alaric Dearment

New York — Costco Wholesale Corp. will expand its Issaquah, Wash., headquarters, according to published reports on Friday.

The Seattle Daily Journal of Commerce reported Friday that Issaquah’s director of economic development, Keith Niven, said the club retailer would expand the headquarters to take up as much as 1.5 million sq. ft.

The Tacoma, Wash., News Tribune reported that the company currently takes up three buildings that are full.

The plan comes on the heels of announced second quarter 2013 sales that increased 8% and profits that increased to $547 million, from $394 million last year, meeting or exceeding Wall Street analysts’ estimates.

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buangsila001 says:
Mar-17-2013 08:25 am

Does this threat to Wallmart.
Does this threat to Wallmart. With this development they might eats ups competitor customers.Michael Courouleau

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FINANCE

Brown Shoe swings to profit in Q4

BY Katherine Boccaccio

St. Louis — Brown Shoe Co. reported Friday that net income of the fourth quarter was $4 million, compared with a loss of $8.2 million in the year-ago period.

Sales rose to $640.2 million from $628.9 million.

For full year 2012, profit edged up to $27.5 million from $24.6 million. Sales increased to $2.59 billion from $2.58 billion.

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E.Ka says:
Mar-16-2013 03:11 am

Brown shoe should maintain
Brown shoe should maintain their profit so that they can cover up the loss. They should improve or maintain their strategies. - Steven C. Wyer

E.Ka says:
Mar-16-2013 03:11 am

Brown shoe should maintain their profit so that they can cover up the loss. They should improve or maintain their strategies. - Steven C. Wyer

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FINANCE

Citi Trends narrows loss in Q4

BY Katherine Boccaccio

Savannah, Ga. — Citi Trends reported Friday a fourth quarter loss of $704,000, narrowed from a $5.3 million loss in the same period last year.

Revenue slipped 2% to $175.7 million, meeting Wall Street forecasts. Same-store sales plummeted 11.8%.

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buangsila001 says:
Mar-28-2013 09:38 am

Bad news. Does this means,
Bad news. Does this means, they will cut some of the benefits of their employees. - Michael Courouleau

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