Costco Wholesale Corporation Reports March Sales Results

Costco Wholesale Corporation reported net sales of $10.02 billion for the month of October, the four weeks ended October 29, 2017, an increase of 10.1 percent from $9.11 billion during the similar period last year. For the first eight weeks of fiscal year 2018 ended October 29, 2017, the Company reported net sales of $19.87 billion, an increase of 11.3 percent from $17.85 billion for the first eight weeks of fiscal 2017 ended October 23, 2016. *The U.S. comparable sales figure excluding the impacts from changes in gasoline prices and foreign exchange for the eight week YTD period was initially reported incorrectly as 8.1%. Click Read More below for additional information.

Nordstrom, Inc. announced an increase in its net sales of 2.5 percent and an increase in comparable sales of 1.2 percent for the nine weeks ended December 30, 2017, compared with the same period last year. This reflected an improvement in Nordstrom full-line and Nordstrom Rack stores relative to year-to-date sales trends and continued growth in e-commerce at Nordstrom.com and Nordstromrack.com/HauteLook. In the Nordstrom brand, including U.S. and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 0.7 percent and comparable sales increased 1.0 percent. In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 8.2 percent and comparable sales increased 2.9 percent. Click Read More below for additional information.

Grainger announced plans to open a 1.2 million-square-foot distribution center (DC) in Hockley, Texas in 2026. The new "Houston Texas Distribution Center" will provide additional capacity for the company to continue delivering best-in-class, next-day complete orders to customers. Grainger plans to break ground this spring. Grainger's Houston Texas Distribution Center is expected to house more than 250,000 industrial supply items, such as hand and power tools, heating, ventilation and air conditioning (HVAC) equipment, fluid power solutions, lighting, power transmission equipment, and motors. The company anticipates the new facility will employ approximately 400 team members within a year of opening in 2026.