retail news in context, analysis with attitude

• Costco Wholesale said this morning that its second quarter profit was $299 million, up from $239 million during the same period a year ago. Q2 sales were up 11 percent to $18.36 billion, excluding membership fees, which rose about 9 percent to $386 million. Same-store sales in the quarter increased 9 percent.

• United Natural Foods said yesterday that its second quarter earnings were up 15 percent to $15.7 million, up from $13.6 million during the same period a year ago. Q2 revenue increased six percent to $898 million.
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