Costco news and archive

Video: Key factors driving Costco's fast-fashion business evolution

Costco Wholesale's evolution into a global retail powerhouse alongside Walmart and Amazon demonstrates effective capitalism. A key driver is its 7 billion dollar fast-fashion business, which achieves 9 percent annual growth by partnering with premium brands like Tory Burch, Eddie Bauer, and Jessica Simpson to sell unsold inventory at low prices....

FeaturedMember

Business

Lululemon vs. Costco dupe lawsuit: Understanding the legal battle

Lululemon sued Costco over the sale of dupes. A dupe is a product that mimics a more expensive item's look and feel to capitalise on its reputation, without necessarily copying the brand name. This dispute is one of a series of recent altercations involving brands against private labels. These brands, which tend to have the strongest reputations...

Member

Business

Lululemon accuses Costco of IP infringement in new lawsuit

Lululemon has filed a lawsuit against Costco Wholesale Corp. accusing the wholesale retailer of infringing on its intellectual property (IP). According to the Canadian sportswear giant, Costco is selling knockoffs of six of its signature products, including its Scuba hoodies and sweatshirts and ABC pants. In the 49-page lawsuit, filed with a...

Member

Report

Huge crowds force Costco to cut Chinese debut short

US retailer Costco was forced to cut short the opening day of its inaugural mainland China outlet over safety worries Tuesday after huge crowds of bargain-hunters swamped the store in suburban Shanghai. The massive warehouse outlet issued a notice to users of its official app in the early afternoon saying that it would no longer allow more...

Member

Management

US Retail giant Costco tries its luck in Chinese market

The US retail giant Costco is diving into the thorny area of retail in China with its first store opening this week, but analysts warn it faces a tough ride as it looks to succeed where a series of international retailers have failed. The move also comes at a challenging time with Beijing and Washington engaged in a tense trade war that has seen...