Costco Wholesale Corporation today reported net sales of $10.40 billion for the month of March, the five weeks ended April 5, 2015, which compares to $10.43 billion during the similar period last year. This year's total reflects one less sales day than last year, due to the timing of Easter. This calendar shift negatively impacted this year's net and comparable sales by an estimated one to one and one-half percent. For the thirty-one weeks ended April 5, 2015, the Company reported net sales of $67.58 billion, an increase of five percent from $64.65 billion during the similar period last year.
Sears Holdings has rejected Chairman Eddie Lampert’s bid to save the 126-year-old company, setting the storied retailer with more than 50,000 employees on a path to liquidation, people familiar with the situation told CNBC on Tuesday. Sears, which also owns Kmart, planned to announce its liquidation plans Tuesday morning, the people said. Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund, ESL Investments. His offer, however, was deemed insufficient by Sears’ advisors, the people said. One of the biggest unresolved issues was covering the fees and vendor payment it owes, making it “administratively insolvent.” Still, ESL plans to protest Sears’ decision, a person familiar with the situation told CNBC.