Costco Wholesale Corporation Reports June Sales Results.Business Editors 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 $3.86 billion for the five weeks ended July July: see month. 7, 2002, an increase of 11 percent from $3.48 billion in the same five-week period of the prior fiscal year. For the first forty-four weeks of its 2002 fiscal year ended July 7, 2002, the Company reported net sales of $32.01 billion, an increase of 12 percent from $28.70 billion during the comparable period of the prior fiscal year. Comparable sales for the 5-week and 44-week periods ended July 7, 2002 were as follows:
5 Weeks 44 Weeks
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US 6% 7%
International 6% 2%
Total Company 6% 6%
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Costco currently operates 393 warehouses, including 289 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. , 60 in Canada, 14 in the United Kingdom, five in Korea, three in Taiwan, two in Japan and 20 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open one new warehouse and relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. one warehouse to a larger and better-located facility prior to the end of its 2002 fiscal year on September 1, 2002. The Company also plans to open an additional 16 to 18 new warehouses (including one 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) prior to the end of calendar year 2002. |
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