Import cargo volume at the nation’s major retail container ports is expected to rise an unusually high 16.9% this month over the same time last year as West Coast ports begin to dig out from a backlog of cargo that built up during just-concluded contract negotiations with dockworkers, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “The contract talks are over, but the tentative agreement still has to be ratified and it’s going to take months to get back to normal on the West Coast,” said NRF VP for supply chain and customs policy. “Retailers’ immediate priority is to make sure spring merchandise reaches store shelves in time.”
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $11.79 billion for the retail month of August, the four weeks ended September 1, 2019, an increase of 6.9 percent from $11.03 billion last year.
For the 16-week fourth quarter ended September 1, 2019, the Company reported net sales of $46.45 billion, an increase of 7.0 percent compared to net sales of $43.41 billion during the similar period last year.
For the 52-week fiscal year ended September 1, 2019, the Company reported net sales of $149.35 billion, an increase of 7.9 percent from the $138.43 billion during the similar period last year.
more detail at: http://investor.costco.com/news-releases/news-release-details/costco-wholesale-corporation-reports-august-sales-results-6