Costco Wholesale Corporation Responds to Partial Verdict

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Costco Wholesale Corporation Responds to Partial Verdict

ISSAQUAH, WA--(Marketwired - Sep 29, 2016) - Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) announced its response to the partial jury verdict returned today in the case brought by Tiffany & Co. Proceedings will immediately follow concerning the jury's determination that Tiffany & Co. is entitled to an award of punitive damages. Because the jury's deliberations are continuing, further comment is not appropriate at this time.

Costco currently operates 715 warehouses, including 501 in the United States and Puerto Rico, 91 in Canada, 36 in Mexico, 28 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. The Company plans to open up to an additional nine new warehouses (including one relocation) before the end of calendar year 2016. Costco also operates e-commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.

Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (including health care costs), energy and certain commodities, geopolitical conditions, and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements, except as required by law.

CONTACTS: Costco Wholesale Corporation John Sullivan 425/427-7577 jsullivan@costco.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Rachel Noble Joins AGS: Signals Strategy Shift

Updated Category News Views 92

A Tactical Addition to American Global Strategies The chessboard of global security just saw a savvy new player join American Global Strategies (AGS). Rachel Noble, a name that echoes through the halls of Australia's national security apparatus, has joined AGS as Senior Advisor. This isn't your garden-variety hire—this is a strategic power move. From Down Under to the...

Continue Reading
Boosting Employability: English Skills in Italy's Job Market

Updated Category News Views 95

Tackling Language Barriers in Italy's Workforce If you're looking to make it big in Italy, you're facing a task that demands more than just regional expertise. The working world is no longer bound by borders, and for Italians eyeing international gigs, English fluency is a must-have. While not an absolute ticket to success, grasping English could be your career's booster...

Continue Reading
Third Lake Parts Ways with WaterView Retail Center

Updated Category News Views 55

Third Lake Partners Exits WaterView Retail in Florida Alright, you don't stumble across deals like this every day. Third Lake Partners just tossed the keys to their WaterView Retail Center in St. Petersburg, wrapping up the retail and residential parts under one roof with Walton Street Capital. It only took a cool five years since its completion in 2021, but hey, better...

Continue Reading
Longevity Tour Hits East Coast: Brecka's Mission

Updated Category News Views 94

Bringing Longevity to the East Coast This weekend, something interesting is happening on the East Coast of the U.S. Gary Brecka and his Ultimate Longevity Center (ULC) are holding a series of events in Philadelphia, New York, and Boston. Everything kicks off on November 14th. If the idea of 'live longevity' leaves you scratching your head, don’t worry—I've got you...

Continue Reading
Abbisko's PIMJETMI® Gains FDA Nod, Boosting TGCT Treatment

Updated Category News Views 35

PIMJETMI® Scores FDA Approval, Expanding Global Reach Well, here's something to chew on over your morning coffee—PIMJETMI® (pimicotinib) just snagged the U.S. FDA's blessing to treat tenosynovial giant cell tumor (TGCT), making it another notch on Abbisko Therapeutics' belt. This approval is a strategic home run for Abbisko and their pals at Merck KGaA, Darmstadt,...

Continue Reading
Creative Solutions Joins FICO Marketplace, Boosts AI Edge

Updated Category News Views 78

Creative Solutions and FICO Unite Well, we're diving into some strategic magic today. Creative Solutions International, not just your average marketing agency, has just hopped onto the FICO Marketplace platform. The word on the street is they're shaking things up with their Collections Marketing Platform. It's like giving your old financial letters a whole AI-driven paint...

Continue Reading
Envista's $430M Senior Notes: A Market Move Decoded

Updated Category News Views 97

Envista on the Move with $430M Notes Ever feel like the market's a bit like a rollercoaster with no brakes? That's kind of where we're at with Envista Holdings Corporation (NYSE: NVST) rolling out this new financial play. They just priced a hefty $430 million in Senior Notes at a solid 6.250% due 2033. In terms of the investment world, that's a pretty big splash. The...

Continue Reading
McEwen Faces Investigation Amid Declining Production

Updated Category News Views 35

MUX Investors on Alert as Legal Stakes Rise The gold mining world isn't exactly flooded with excitement these days, and McEwen Inc.'s (NYSE: MUX) latest dealings ain't doing much to brighten up the scenery. When their third-quarter gold output took a nosedive—a 23% drop to be exact—it caught more eyes than a bull market will. Production Guidance in Question Now,...

Continue Reading
Kemin Unveils LYSOFORTE ENFUSIO at EuroTier 2026

Updated Category News Views 158

Rollin' up to EuroTier 2026 with all its buzz—a place where big players in livestock production flex their muscles—Kemin Industries dropped a new ace in the feed deck: LYSOFORTE ENFUSIO. They're betting this bad boy will shake things up for poultry and pig nutritionists looking to maximize what's already on their plate without piling on more grain or feed costs....

Continue Reading
A Gentle Stake: Colts Neck's Rural Fight Ahead

Updated Category News Views 101

Michael Fazio's Gambit in Colts Neck If you're not fired up about land deals, you should be now. Michael Fazio, the owner of Synergy Stables in Colts Neck, New Jersey, is laying his cards on the table with a proposition for preserving the integrity of the township's rural landscape. Rather than cashing in on monstrous offers for high-density housing, Fazio's plan involves...

Continue Reading

Top 5 Most Recently Viewed Articles

Legal Investigation Underway for Investors of Xiao-I Corporation

Updated Category News Views 249

Faruqi & Faruqi, LLP Investigates Potential Claims for Investors Faruqi & Faruqi, LLP is taking a closer look at the recent financial struggles of Xiao-I Corporation. This is particularly important for investors who have incurred losses exceeding $50,000. If you fall within this category, it may be beneficial to reach out to their dedicated securities litigation partner,...

Continue Reading
Simmons First National Corporation: Transitioning Leadership Ahead

Updated Category News Views 126

Simmons First National Corporation Leadership Changes Simmons First National Corporation (NASDAQ: SFNC) has recently announced a significant change in its leadership structure. This decision marks a vital transition for the company as it prepares for the next chapter of its growth and development. Retirement Announcement of George Makris, Jr. After an impressive tenure,...

Continue Reading
Citi's Investment Strategy: Navigating the 2025 Market Landscape

Updated Category News Views 1295

Citi's Outlook for 2025: Sector Foresight Analysts at Citi have recently shared insights into their equity strategy for the upcoming year, outlining a balanced approach as investors navigate various macroeconomic factors and uncertainties in policy. Their comprehensive strategy, referred to as the "SIGN (Sector & Industry Group Navigator)," focuses on several key sectors...

Continue Reading
Insights on O3 Mining's Marban Alliance Economic Progress

Updated Category News Views 96

Updates on O3 Mining's Marban Alliance Project O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) has announced a significant move forward in its flagship Marban Alliance project. The company has engaged G Mining Services Inc. to conduct a preliminary economic assessment (PEA) designed to refine the strategies for this promising gold-mining venture. With results anticipated in...

Continue Reading
Revving Up Vehicle Innovation: Sonatus at CES 2025

Updated Category News Views 539

Groundbreaking Innovations in Software-Defined Vehicles At CES 2025, Sonatus, a global trailblazer in software-defined vehicle (SDV) technologies, unveiled a remarkable array of products and solutions aimed at empowering original equipment manufacturers (OEMs) to unlock the potential of SDVs. The highlights included transformative contributions from Generative AI that...

Continue Reading