Costco Posts Solid March Sales Advance

Costco Posts Solid March Sales Advance

For the five-week fiscal month of March, Costco Wholesale Corp. reported net sales of $28.41 billion, up 11.3% from the year-earlier period. With the effects of gasoline and foreign exchange volatility excluded, comparable sales increased 6.2% with comps at stores in...
Saks Secures Financing for Chapter 11 Emergence

Saks Secures Financing for Chapter 11 Emergence

As it seeks to conclude a bankruptcy process, Saks Global Enterprises has entered into a restructuring support agreement with an ad hoc group of its senior secured bondholders to commit $500 million in exit financing upon the company’s emergence from Chapter 11....