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U.S. retail giant Costco to open first stores in Spain

New York, Feb 10 (EFE).- U.S. retail giant Costco plans to open its first stores in Spain this year because of the Iberian nation's "great potential" for growth, a high-level executive told Efe. Costco, one of the world leaders in the warehouse club segment, plans to open a store in the southern Spanish city of Seville in the spring and another soon after in Madrid, where "we are working to identify various possible locations," the company's senior vice president for international operations, Jim Murphy, told Efe in a telephone interview.

U.S. retail giant Costco to open first stores in Spain

New York, Feb 10 (EFE).- U.S. retail giant Costco plans to open its first stores in Spain this year because of the Iberian nation's "great potential" for growth, a high-level executive told Efe. Costco, one of the world leaders in the warehouse club segment, plans to open a store in the southern Spanish city of Seville in the spring and another soon after in Madrid, where "we are working to identify various possible locations," the company's senior vice president for international operations, Jim Murphy, told Efe in a telephone interview.

Higher operating expenses pinch Costco profit

By Siddharth Cavale (Reuters) - Costco Wholesale Corp <COST.O> reported a first-quarter profit that fell short of analysts' estimates, hurt by higher stock-based compensation expenses and spending on technology. Shares of the warehouse club operator, which sells everything from carrots to coffins at its cavernous stores, fell as much as 3 percent in morning trading on Wednesday.

US retailer sorry over 'fiction' Bible label

US retail giant Costco has apologized after copies of the Bible labeled as "fiction" were found on sale at one of its stores, triggering protests by Christian groups. Caleb Kaltenbach, a pastor at the Discovery Church in Simi Valley, California, tweeted a picture of the Holy Bible, with a bar-code price sticker clearly labeled "Fiction," last Friday. "Costco has Bibles for sale under the genre of FICTION. Hmmmm .... " he wrote, prompting a surge of retweets and comments from both critics and some suggesting the description was accurate.

Costco apologizes for listing Bibles as fiction in California store

SIMI VALLEY, Calif. - A Costco store in Southern California drew some unwanted attention this week after labeling some of its Bibles as fiction. The Los Angeles Times reports (http://lat.ms/18nVqRy) Wednesday that Discovery Church pastor Caleb Kaltenbach recently came across the Bibles with "Fiction" written on the price tag while shopping for a gift at a Costco store in Simi Valley. He took a photo and posted it on social media with the comment: "Costco has Bibles for sale under the genre of FICTION Hmmmm..."

Costco aims to open first store in France in 2015

US retail giant Costco aims to open its first store in France in a Paris suburb in 2015, a company executive said Wednesday. The warehouse club aims to open 15 stores in France within a decade, with up to 6 in the Paris region, said the head of Costo France, Gary Swindells, at a commercial real estate conference held here. After having their first project denied authorisation, the company plans to open in the town of Villebon-sur-Yvette southwest of the French capital in the spring of 2015.

Costco Oct. sales at stores open at least a year rises 3 pct., beat analysts' expectations

ISSAQUAH, Wash. - Costco's sales at stores open at least a year rose 3 per cent in October, beating Wall Street's expectations. Analysts surveyed by Thomson Reuters predicted a 2.6 per cent increase for the wholesale club operator. This figure is a key gauge of a retailer's health because it excludes results from locations recently opened or closed. In the U.S., the metric climbed 4 per cent. It rose 3 per cent overseas.

Costco October same-store sales beat estimates

(Reuters) - Costco Wholesale Corp <COST.O> reported better-than-expected October same-store sales as customers spent more at its cavernous stores and website, where they can buy everything from carrots to kayaks. Sales at stores open at least a year rose 3 percent in the four-week period ended November 3, including the impact of fuel sales and foreign exchange. On that basis, analysts expected same-store sales to rise 2.6 percent for the month of October, according to Thomson Reuters data.

Costco July same-store sales miss estimates

(Reuters) - Costco Wholesale Corp <COST.O> reported July same-store sales that missed analysts' estimates, hurt by a stronger dollar that pulled in weak sales from its overseas stores. Sales at stores open at least a year rose 4 percent in the four-week period ended August 4, including the impact of fuel and foreign exchange. On that basis, analysts expected same-store sales to rise 5.1 percent for the month of July, according to Thomson Reuters data.

Michael Kors sues Costco claiming it illegally used images of its purses in ads

NEW YORK, N.Y. - Michael Kors is suing Costco saying that it illegally used pictures of its luxury bags in its ads in order to lure in customers without being authorized to sell the designer's wares. In a federal lawsuit filed in New York, Michael Kors accused Costco of a bait-and-switch scheme. It says Costco advertised the bags as starting at $99, but didn't actually have any to sell. Michael Kors says the ads intentionally exploit the popularity of its bags, which can retail for several hundred dollars, and lure consumers away from authorized retailers.
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