Costco December Sales Climb 7%

January 4, 2012  by in UnCategorized   

By Aggregated Content in Furniture Retailing on January 5, 2012 from http://c.moreover.com/click/here.pl?z5703658893&z=1250249030 Costco Wholesale Corp.'s revenue at stores open at least a year rose 7 percent in December, narrowly missing Wall Street's expectations. Analysts surveyed by Thomson Reuters predicted that the figure would climb 7.6 percent. It is a key indicator of a retailer's health because it excludes results from stores recently opened or closed. In the U.S, revenue at stores open at least a year increased 7 percent, while the metric rose 9 percent abroad. Wholesale club operator Costco said Thursday that higher gas prices helped its results, while foreign exchange rates hurt its performance slightly during the month. Taking

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