Sears Holdings Corp. confirmed rumors with a statement saying it had selected chairman Eddie Lampert’s ESL Investments as the winning bidder in the company’s bankruptcy auction. Under the terms of the offer, ESL will acquire substantially all of the company’s assets, including 424 stores, for approximately $5.2 billion. Sears’ other brands include its Home Services business and Kenmore and DieHard brands. Lampert’s offer is the only one that would keep Sears up and running, preserving an estimated 45,000 jobs. The offer is subject to bankruptcy court approval, with a hearing currently scheduled for February 1, 2019. Click read more below for additional detail.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $14.57 billion for the retail month of June, the five weeks ended July 7, 2019, an increase of 7.5 percent from $13.55 billion last year.
For the forty-four weeks ended July 7, 2019, the Company reported net sales of $126.13 billion, an increase of 8.0 percent from $116.81 billion during the similar period last year.
more detail at: http://investor.costco.com/news-releases/news-release-details/costco-wholesale-corporation-reports-june-sales-results-18