Costco

Costco’s New Visa Card Transition not a Smooth Changeover

Costco Wholesale Corp has ended its long sixteen years relationship with American Express cards and has found a new partner in Citi GroupsVisa, but the initial transition was not really smooth sailing.

The retailer's Facebook page was flooded with hundreds of complaints from Costco customers about the new credit card and most of them said, they have faced long waiting times and have gone through troubles in activating their accounts.

Costco Wholesale Corp Reports Flat Growth in Fiscal Third Quarter due to Sluggish Sales

On Wednesday, Costco Wholesale Corp reported its fiscal third-quarter financial report which showed no growth in the quarters comparable sales at its U.S. stores. This happened for the very first time in about six years and was a result of weak April sales.

Sales at established stores in the U.S remained flat which did not meet the expectation of the analysts who predicted 1.9 percent growth.  Last time comparable sales had dropped in its U.S stores in 2009.

Costco Wholesale Corp Reports Nine Percent Increase in Profit for its Fiscal Third Quarter

Costco Wholesale Corp Reports Nine Percent Increase in Profit for its Fiscal Third QuarterOn Wednesday, Costco Wholesale Corp reported a nine percent boost in its profit for the third quarter last year. The increases mirror the company's gains from higher comparable sales, raised membership fees.

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