Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Costco Wholesale Corporation reported a 9.8% increase in December U.S. core sales, surpassing Wall Street expectations, driven by a robust holiday season and a 35.7% growth in e-commerce. The company's same-store sales (SSS) and total comparable sales also exceeded forecasts, indicating strong performance among high-income shoppers. As a result, Costco's stock rose by 1.7%, reflecting investor confidence in its market position. In related news, Amazon launched its Retail Ad Service, expanding its advertising capabilities to third-party retailers, further intensifying competition in the digital advertising space.
Stock Specifics Costco ($COST): December same-store sales (SSS) and total comparable sales beat expectations. Constellation Energy ($CEG): Announced plans to acquire Calpine for 50M shares and USD 4.5B cash. Eli Lilly ($LLY): Reportedly in advanced talks to acquire US cancer… https://t.co/pDph6WgkaX
Costco Sales Jump on a Shift in the Holiday Shopping Season https://t.co/aR4VwaaQKm
In an email to Chain Store Age, Amazon announced a new program called Amazon Ad Retail Service, allowing online retailers to show product ads on their search, browse, and product pages to help customers with product discovery and purchase decisions. https://t.co/EhWqx25NZ9