Always an area for speculation and consternation, the USPS is keeping us guessing on what will be included in their 10-year plan to Congress on long-time survivability. In the meantime, businesses should be prepared for some potential short-terms changes, including the possibility of the United States pulling out of the Universal Posting Union. Pursley, senior manager at BBC Software and a recognized postal rates expert, attended the Postal Operation Technology Committee meeting in Minneapolis this spring, and relates what she learned from Steve Phelps, USPS’ acting VP of pricing and costing. She came away with a handful of insights: 1. Marketing mail flats are going up by around 4%. 2. Weight break on marketing mail flats under evaluation. Will the US leave the Universal Postal Union? Click Read More below for additional information.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.62 billion for the retail month of November, the four weeks ended December 1, 2019, an increase of 6.7 percent from $12.77 billion last year.
For the twelve-week first quarter ended November 24, 2019, the Company reported net sales of $36.24 billion, an increase of 5.6 percent from $34.31 billion last year.
For the thirteen weeks ended December 1, 2019, the Company reported net sales of $39.95 billion, an increase of 6.3 percent from $37.57 billion during the similar period last year.
E-commerce sales in November were negatively impacted by an estimated 20 percentage points, primarily due to Thanksgiving/Black Friday/Cyber Monday occurring a week later this year versus last year and, to a lesser extent, website performance issues experienced on the Company’s U.S. and Canadian e-commerce websites on Thanksgiving Day and Black Friday. Total and comparable sales were negatively impacted by approximately one and one-half percent.
more detail at: http://investor.costco.com/news-releases/news-release-details/costco-wholesale-corporation-reports-november-and-first-quarter