Cost-U-Less Announces Opening of Second Fiji Store, Suva Location is the Largest Store in all of Fiji.BELLEVUE, Wash.--(BUSINESS WIRE)--Nov. 11, 1998--Cost-U-Less Inc. (Nasdaq:CULS CULS Capital University Law School (Columbus, Ohio) ) today announced the opening of its 10th store, its second in Fiji. The 30,000-square-foot store is located in Suva and is the largest facility of its kind in Fiji. Cost-U-Less' first Fiji store opened in Nadi in July and was the company's first store built and operated off U.S. soil. The two stores combined employ approximately 100 full and part-time workers -- all of whom are residents of Fiji. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cost-U-Less' president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Jim Rose Jim Rose may refer to a number of persons:
The company has reported positive quarterly earnings since going public on July 23, 1998. Net income for the third quarter of fiscal 1998 increased 8.3 percent over the third quarter of fiscal 1997 and net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the third quarter of 1998 increased 10.8 percent to $33.0 million from $29.8 million during the third quarter of fiscal 1997. "Our Suva and Nadi stores have introduced Fiji to warehouse `club style' shopping -- a concept that has revolutionized retail shopping in the U.S. over the last 10 years," said Rose. "We anticipate that larger, more economical package sizes that reduce the price per unit of measure and a `no-frills' approach that diminishes overhead costs overhead costs see fixed costs. will prove to be as popular in the Pacific as in the U.S." Founded in 1989, Cost-U-Less is a leading operator of mid-sized warehouse "club style" stores with 10 locations: Hawaii (2), Guam (2), the US Virgin Islands (2), Fiji (2), American Samoa and Sonora, California. An additional location is under construction in Curacao, Netherlands Antilles. Expansion plans call for the opening of 26 stores by the end of the year 2002. More information is available on the Web at http://www.costuless.com. Note: Investor relations Investor relations The process by which the corporation communicates with its investors. information can be obtained from the company Web site at http://www.costuless.com |
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