Lululemon is taking Costco to court. They say Costco is selling cheap copies of their expensive workout clothes. Lululemon claims these copies hurt their business and reputation. They want Costco to stop and pay them money. The lawsuit mentions several items. For example, Costco's $8 pullover looks a lot like Lululemon's $118 SCUBA pullover. Another example is Costc...
Imagine this: 18, 000 workers at Costco across the USA. Many of them were very ready to start a strike. They had voted and it was clear that most of them wanted to do it. The reason? They were fed up with wages and benefits that weren't matching up to what Costco was earning. A whopping $7. 4bn profit made in the year before. Of course, the union stepped up for the...
Issues are brewing at Costco. Most of Costcos' stores are prepared to strike with midnight coming closer. The notable Teamsters workers union persuaded thousands to back them. The company is refusing to cooperate in with union's demands. The Teamsters believe Costco needs will have to boost their offer. Costco employs some 219, 000 people in the US, as this...
Costco shareholders recently voted to keep the company's diversity, equity, and inclusion (DEI) policies intact. This move comes amidst a wave of companies scaling back their DEI efforts, often citing legal concerns. The National Center for Public Policy Research, a conservative think tank, proposed that Costco evaluate the risks of its DEI practices, but over 98% of...
Costco is taking a strong stance against a shareholder proposal that wants the company to assess the risks of its diversity, equity, and inclusion (DEI) practices. This proposal, pushed by the conservative think tank National Center for Public Policy Research, argues that Costco's DEI efforts could lead to legal, reputational, and financial issues. The proposal was e...
Imagine finding out that the cold medicine you bought might be contaminated. That's what happened to some Costco customers who purchased Kirkland Signature's Severe Cold & Flu Plus Congestion. The problem? It could contain foreign materials. The recall, announced on Costco's website, affects a specific lot code, P140082, sold in the Midwest and Southeast. Customers w...
Costco, the popular warehouse retailer, is taking a strong stance against a growing wave of opposition towards diversity, equity, and inclusion (DEI) efforts. The company recently advised its shareholders to reject a proposal from a conservative think tank, the National Center for Public Policy Research. This group wants Costco to assess and report on the financial r...
Costco's first-quarter earnings surprised Wall Street with better-than-expected results, as shoppers spent more on jewelry, luggage, and furniture. The company's Chief Financial Officer, Gary Millerchip, noted that customers are being selective with their purchases but are willing to spend on unique, high-quality, and valuable items. The report showed that with infla...
Imagine being told to throw away almost 80, 000 pounds of butter because it didn't say it contains milk. Yes, you heard right! A recent recall by Costco has people scratching their heads. The FDA stepped in and said that Kirkland Signature butter didn't clearly mention milk as an ingredient, even though it's a dairy product. The label listed cream, but not milk. This...
Every autumn, Costco brings back its massive 4-pound tubs of chili. But is it truly authentic? A well-known Instagram account, @costcohotfinds, stirred up a heated discussion about this. The account's owner, a mom, excitedly shared the return of the chili, but many followers weren't convinced. They argued that it can't be real chili because it includes beans. In Texa...