Costco Wholesale Corporation (Nasdaq: COST), a leading global retailer, announced its operating results for the first quarter of Fiscal Year 2024, ending November 26, 2023. The company reported net sales of $56.72 billion, marking a 6.1 percent increase from $53.44 billion in the first quarter of the previous fiscal year. This growth in sales reflects […]
Costco acquisition of Innovel Solutions : US warehouse clubs chain Costco Wholesale Corporation has acquired Innovel Solutions, a provider of third-party end-to-end logistics solutions for $1 billion from Transform Holdco (TFCO), the operator of the Sears and Kmart stores. For several years, Innovel Solutions has provided US department store chain Sears and, more recently, third […]
