Costco's shareholders voted overwhelmingly to reject a proposal from a conservative think tank aimed at getting the company to roll back its diversity hiring practices.
Costco's new leadership says the $1.50 price tag on its beloved hot dog combo is "safe." Experts explain how the retailer has defied inflation — and why it's willing to eat the cost.
While chicken prices nationwide have increased, retailers such as Costco and BJ's are still selling rotisserie chickens for under $5. That's part of a broader strategy.
Costco pays $17 an hour after a second raise this year. Starbucks is raising hourly pay to $15 amid a union effort. Major chains are pushing to draw workers, who have shunned a million retail jobs.
Costco Chief Financial Officer Richard Galanti said an anticipated uptick in demand as the delta variant surges and supply chain challenges led to the purchase limits on key household items.
Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.
