Costco’s first Lexington store to open Oct. 18 (Retail Solutions Online)
Costco Wholesale Corporation (NASDAQ:COST), the members-only discount shopping warehouse, will open its first Lexington store on Oct. 18 in the Hamburg retail district. The Lexington store is at Polo Club and Man o’ War boulevards, across Interstate 75 from the main Hamburg area. This location will be its second in Kentucky. There’s a store at 5020 Norton Healthcare Boulevard in Louisville. It also has two stores in the Cincinnati area.
Best Buy Drops iPhone 5 Price To $149 Ahead Of iPhone 5S Launch (Cult of Mac)
We’re just a few days away from learning all the details (and price) of the iPhone 5C and iPhone 5S, which means retailers like Best Buy Co., Inc. (NYSE:BBY) are scrambling to clear all their old iPhone 5 inventory off shelves. Best Buy is taking $50 off the price of the iPhone 5, in an effort to lure new customers in. This isn’t the first time the retailer has sold the iPhone 5 for $149, but T-Mobile customers are still out of luck, as the offer is only available to Sprint, AT&T, and Verizon customers.
JCPenney finally shelves Martha Stewart deal (New York Post)
Martha Stewart’s stormy affair with J.C. Penney Company, Inc. (NYSE:JCP) is ending — and she’s the one getting dumped. Stewart’s line of home goods at Penney, which sparked an epic courtroom battle with Macy’s, Inc. (NYSE:M)’s, is getting scrapped for good by J.C. Penney Company, Inc. (NYSE:JCP) CEO Mike Ullman, The Post has learned. That’s despite the fact that a New York judge still hasn’t ruled on the three-way legal scuffle — sparked by Macy’s pre-existing licensing deal with Stewart — whose year-and-a-half saga is expected to conclude in the coming days.
Sears Holdings Reports Decreased Appliance Sales At Sears Domestic Stores (Appliance Magazine)
Sears Holdings Corporation (NASDAQ:SHLD) reported a second quarter 2013 net loss attributable to shareholders of $194 million, compared to $132 million, in the same quarter of the prior year. In the second quarter of 2013, overall domestic U.S. comparable store sales declined 1.5%. Kmart comparable store sales were down 2.1%, Sears Domestic comps were down 0.8% and Sears Canada comps were down 2.5%. The decline in Sears Holdings Corporation (NASDAQ:SHLD) Domestic comparable store sales was caused in part by decreased sales of home appliances. This was partially offset by increases in the lawn & garden and other categories.
August Sales Healthy at Costco (Zacks.com)
Despite a challenging environment, Costco Wholesale Corporation (NASDAQ:COST) came up with healthy sales report for August. Costco delivered comparable-store sales (comps) growth of 4% that surpassed analysts’ expectations. Comps increased 4% at U.S. and 2% at international locations. Excluding the effect of gasoline prices and foreign currency fluctuations, Costco Wholesale Corporation (NASDAQ:COST)’s comparable-store sales for August rose 6%, reflecting comparable sales growth of 5% at its U.S. locations and 8% at international outlets.
JC Penney coming back? (CNBC.com)