Costco calls domestics a “standout” in Q3
Home & Textiles Today Staff -- Home Textiles Today, May 29, 2014
Issaquah, Wash. – Domestics was among the stronger performing categories at Costco Wholesale Corporation during its third quarter, the company reported today.
As evp and cfo Richard Galanti noted, several soft-lines businesses generated mid to high single-digit comps in the 12-week period, domestics “among the standouts.”
Net income for the quarter, ended May 11, grew 3% to $473 million, or $1.07 per diluted share.
Net sales for the period rose 7% to $25.23 billion. Excluding negative impacts from gasoline price deflation and foreign exchange, comparable sales were up by 6% in the U.S., 8% internationally, and 6% total.
Year to date, net income dropped 4.2% to $1.36 billion, or $3.07 per diluted share. Net sales for the 36 weeks increased 6% to $75.46 billion . Excluding negative impacts from gasoline price deflation and foreign exchange, comps were up by 5% in the U.S., 7% internationally, and 5% total.
One Kings Lane sells home props from Disney's "Maleficent"
San Francisco – One Kings Lane will sell 150 props from the set of Disney's movie Maleficent, starring Angelina Jolie, marking the first time Walt Disney Studios has sold film set pieces from a new release.
The sale will offer one-off items, including embroidered pillows, ornate trunks, and pewter serveware from the film set. The online sale begins tomorrow at 11 a.m. EST on www.OneKingsLane.com. All proceeds will be donated to the Boys & Girls Club of America.
"Fans of the film and its exquisite interiors are in for a treat with these rare pieces, and we're delighted to be the only retailer to offer them," said Susan Feldman, One Kings Lane chief merchandising officer and co-founder.
"Maleficent" explores the story of Disney's villain from the classic "Sleeping Beauty" and the betrayal that turned her heart to stone. Driven by revenge, Maleficent places a curse upon the king's infant, Aurora, played by Elle Fanning.
The 150 products include a jar with wishbone stick, $75, from Aurora's cottage; a pewter chalice, $165; and an Indian chapatti bowl, $325, from the majestic castle's great hall. Additional pieces include a large tapestry with painted scene, $800, and baroque trunks and chests, starting from $1,000.