Costco Wholesale Corporation Reports December Sales Results.Business Editors ISSAQUAH, Wash.--(BUSINESS WIRE)--Jan. 9, 2003 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. Wholesale Corporation (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 $4.58 billion for the five weeks ended January January: see month. 5, 2003, an increase of 7 percent from $4.27 billion in the same five-week period of the prior fiscal year. For the first 18 weeks of its 2003 fiscal year ended January 5, 2003, the Company reported net sales of $14.42 billion, an increase of 8 percent from $13.40 billion during the comparable period of the prior fiscal year. Comparable sales for the 5-week and 18-week periods ended January 5, 2003 were as follows:
5 Weeks 18 Weeks
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US 3% 3%
International 2% 4%
Total Company 3% 3%
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Costco currently operates 412 warehouses, including 304 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. and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , 61 in Canada, 15 in the United Kingdom, five in Korea, three in Taiwan, three in Japan and 21 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open an additional 12 to 14 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 4 warehouses to bigger and better locations, prior to the end of its fiscal year 2003 on August 31, 2003. |
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