business news in context, analysis with attitude

  • Costco Wholesale Corp. reported that its June sales were up 12 percent to $5.22 billion. US same store sales were up eight percent, and international same store sales were up 14 percent.

  • Japanese retailer Ito-Yokado reports a first quarter increase in net profit of 17.8 percent to the equivalent of $168.4 million (US). Quarterly revenues were up five percent to $8.38 billion (US).

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