Costco Wholesale (COST) March Comps Rose 4%

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Joint Statement From Costco Wholesale Corporation and Tmall Global Regarding False Claims of Distribution Channels of Costco Products Sold in China

April 9, 2015 1:32 AM EDT

HANGZHOU--(BUSINESS WIRE)-- Costco Wholesale Corporation and Alibaba Groups Tmall Global platform today issued the following joint statement regarding false claims of distribution channels of Costco products sold in China:

Costcos Tmall Global store is the only online Costco flagship store in China. Customers are welcome to shop for authentic Costco products through Tmall Global. Costco reserves the right to take legal action against any unauthorized sites on other platforms.

Our partnership with Costco has provided Chinese consumers with direct access to authentic Costco products sold through its flagship store on Tmall... More

Costco Wholesale Corporation Reports March Sales Results

April 8, 2015 9:00 PM EDT

ISSAQUAH, WA -- (Marketwired) -- 04/08/15 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) 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... More