Costco Companies, Inc. Reports Recent Sales Results.ISSAQUAH, Wash.--(BUSINESS WIRE)--Aug. 5, 1999-- Costco Costco Wholesale Corporation (NASDAQ: COST) is the largest membership warehouse club chain in the world based on sales volume, headquartered in Issaquah, Washington, United States,[1] with its flagship warehouse in nearby Seattle. Companies, Inc., (the "Company") (Nasdaq:COST) today reported 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 of $2.15 billion for the four weeks ended August 1, 1999, an increase of 14 percent from $1.89 billion in the same four-week period of the prior fiscal year. On a comparable warehouse basis, that is warehouses open at least a year, sales increased 11 percent. For the first forty-eight weeks of its 1999 fiscal year ended August 1, 1999, the Company reported net sales of $24.79 billion, an increase of 13 percent from $21.95 billion during the first forty-eight weeks of the prior fiscal year. Comparable warehouse sales for this year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. period increased 9 percent over the prior year's level. Costco currently operates 290 warehouses, including 219 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 58 in Canada, seven in the United Kingdom, three in Korea, two in Taiwan, and a warehouse in Japan; as well as 16 additional warehouses in Mexico with a joint venture partner. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. Expansion plans for the remainder of its 1999 fiscal year, ending August 29, 1999, include opening three additional new warehouses (including the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of an existing warehouse to a larger and better-located facility). |
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