|Page (1) of 1 - 03/06/14||email article||print page|
Tough day for retailers today with both Costco and office supply store Staples taking it on the chin after reporting weak earnings results and worse than expected sales and margins. The triple-crown on lousy news if you¯¯¯re running a retailer. The big shocker is Costco. Known as one of the best operators in the retail industry Costco built a reputation for reliable sales and earnings growth even as competitors like Target and Walmart struggled. Not anymore. This is the third straight quarter that earnings have come up short. While CostCo rather refreshingly didn¯¯¯t mention weather in their report they did say that margins were a problem. That trend is unlikely to improve anytime soon.
|Trending Tickers: Costco Stumbles But Staples Goes Splat|
Source:GrabNetworks (c). All Rights Reserved