All Costco articles – Page 3
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News
Coventry is Costco depot number 22
Costco is to open its 22nd UK depot a 133,000 sq ft purpose-built site in Coventry in August.Costco believes there is sufficient demand to open one or two new depots every year in the UK "for the foreseeable future", according to...
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News
Costco UK sticks with Coke despite US spat
Costco has reassured UK customers it is still selling Coca-Cola products after its US parent company delisted some of the drinks giant's products this week following a pricing row."We are still trading with Coca-Cola in the UK and it's...
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News
Costco bruised by exchange rate and fuel
Costco Wholesale Corporation, the US parent of Costco UK, has posted an 8% drop in sales in its international division in the year to 30 August.Costco's international division includes the UK, Korea, Taiwan, Japan, Mexico and Australia....
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News
Croydon indies and wholesalers fear effects of giant new Costco
A new Costco wholesale depot in Croydon could spell trouble for local independent retailers as well as rival wholesalers.The new 140,000 sq ft purpose-built Costco depot would draw shoppers away from other independent retailer's stores, said...
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News
Rain and smoking ban cut Costco profits 24%
Bad weather, the smoking ban and cost pressures led to a 24.2% fall in pre-tax profit at Costco Wholesale UK, according to the latest accounts. Full-year pre-tax profit fell from £22.3m to £16.9m in the year to 2 September, 2007, on...
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News
Costco says farmers lose on Fairtrade
Farmers are not receiving enough of the profits from Fairtrade, a senior executive at discount wholesaler Costco UK has claimed."Fairtrade is a good thing, but some suppliers are making bigger margins than they should," Costco assistant...
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News
Predatory pricing: suppliers could fight back says Costco
Costco Wholesale trading director Steve Barnett has accused suppliers of tacitly endorsing the predatory pricing tactics of the multiples.Speaking at the Federation of Wholesale Distributors annual conference, Barnett called on the...
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News
Rising costs hit Costco UK full-year profit
Costco Wholesale UK has reported a 13% downturn in pre-tax profit to £24.3m, according to its latest accounts.Profit for the 53 weeks to 3 September 2006 was hit by increased promotional activity, rising energy costs and rates and a...
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News
Landmark-Costco link is rumoured
Landmark Wholesale could be interested in wooing Costco as a response to the Today's Group's tie-up with Makro Cash & Carry. Makro joining rival Today's this month added £1.1bn of sales to the Scunthorpe-based group's buying power, which...
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Profiles and QandAs
Pappas to replace Ball at Costco UK
Steve Pappas is set to replace Francis Ball as managing director of the UK arm of US C&C giant Costco. A spokeswoman said that Pappas would take up his new role in the next couple of weeks. He has worked for the company for a number of...
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Profiles and QandAs
FWD gets Costco UK chief Ball in its court
Francis Ball, managing director of the UK arm of US cash and carry giant Costco, has been named as the new chairman of the Federation of Wholesale Distributors. Ball has been managing director of Costco UK since December 2004....
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News
Ireland opens up a route for Costco
An urban renewal initiative by Ireland’s environment minister Dick Roche could pave the way for Costco’s entry into the Republic. Roche wants to exempt an economically depressed Dublin suburb, Ballymun, from the 6,000 square metre cap on retail...
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News
Costco tries again as Irish review planning guidelines
US giant Costco is looking again at the Irish market, five years after Bord Pleanala, the planning appeals board, refused permission for a €15m store in west Dublin.Through its British division, Costco Wholesale UK, the company has made a...
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News
Costco addressing costs
US wholesaler Costco said rising costs and fierce competition had trimmed its fourth quarter income by 3% but full-year sales were ahead by 10%.For the year to August 31 sales rose to $41.7bn from $38bn, while income before tax was flat at...
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News
Costco looks to NI and Continent
US warehouse club Costco is scouting around for potential sites in Northern Ireland and Continental Europe following successful moves into Japan, Korea and Taiwan. And market entry is no longer contingent upon finding a suitable partner, claimed...
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News
COSTCO FINE' IN UK
UK MD Jim Murphy insisted "everything is chugging along just fine" at Costco on this side of the Atlantic, in the wake of last week's profit warning from its parent company. "It's a case of so far so good on this side of the pond. The UK business is...
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News
The Grocer focus on logistics: Costco: speed is of the essen
Costco is an expert at pushing just in time' to its limits as Elaine Watson discovers in Lutterworth Pay a late afternoon visit to plot 4400 at Lutterworth's Magna Park industrial estate and it's hard to believe you're in a central distribution...
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News
The Grocer focus on logistics: Costco clubbin'
- Costco operates members only warehouse clubs in the US, Canada, Mexico and south-east Asia, serving trade and private customers who pay an annual membership fee. - Costco entered the UK in 1992, and claims to have been "solidly profitable"...
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News
Warehouse Clubs: Costco boasts of 20-plus depots in the pipe
Next week's opening of the 11th Costco depot in the UK could mark the start of an accelerated programme of development for the warehouse club operator. MD Jim Murphy is confident the opening in Derby will soon be followed by new depots in north...
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