retail news in context, analysis with attitude

• Costco reports that in its Q1 sales were up 5.6 percent to $36.24 billion, on total same store sales that increased 4.3 percent; US same store sales were up 4.7 percent.

Net income for the quarter was $844 million, up from $767 million during the same period a year ago.

E-commerce sales for the fiscal first quarter were up 5.5 percent.

• The Washington Post reports on "a new review published in the American Journal of Lifestyle Medicine suggesting that one of the reasons that conventional wisdom has changed about how healthy eggs are - shifting away from concerns about cholesterol - "could be the result of faulty industry-funded research."

One of the reasons this could be important: "The U.S. government is poised to withdraw longstanding warnings about cholesterol Several meta-analyses have concluded that egg consumption does raise cholesterol levels. According to a 2019 meta-analysis, eating an egg each day raises LDL cholesterol by about nine points. The study, published in the American Journal of Clinical Nutrition, combined the findings of 55 prior studies, finding that every 100 milligrams of added dietary cholesterol (approximately half an egg) raised LDL cholesterol levels by about 4.5 milligrams per deciliter of blood."

Organizations that have done the new, less-worrying research maintain that where they get research dollars has no impact on what the research concludes.
KC's View: