Costco Sales Rise Disappoints

February 7, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on February 2007 Costco Wholesale, which operates 371 locations in the United States, announced Thursday that January sales rose 7 percent to $5.57 billion during the five-week period that ended Feb. 4.

Same-store sales at the Issaquah, Wash.-based chain were up 2 percent, which fell short of the 3.2 percent increase that analysts had expected, according to published reports. The company, which operates 133 locations outside the U.S., noted that the reporting period including one less day due to the timing of the New Year’s holiday. For the first 23 weeks of a Costco reporting period that ended Feb. 4, the company’s sales were up 9 percent to $27.8 billion.