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Topic: Richard Galanti

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Run on rice reaches United States
Run on rice reaches United States
LOS ANGELES, April 24 (UPI) -- U.S. consumers have begun stocking up on food staples to beat inflation, causing rice shortages in some stores, various retailers said.
Retailers clamp down on return fraud
WAYNE, N.J., Feb. 1 (UPI) -- U.S. retailers are tightening return policies to battle alleged consumer fraud, estimated to be $3.7 billion for the 2007 holiday shopping season.
Retailers say shoppers shopped
ISSAQUAH, Wash., Dec. 25 (UPI) -- Holiday shoppers have helped U.S. retailer Costco Wholesale Corp. avoid inventory gluts and their accompanying markdowns, the retailer's financial chief said.
Costco ends easy electronics-return policy
ISSAQUAH, Wash., Feb. 28 (UPI) -- Membership-club warehouse Costco Wholesale Corp. has ended its liberal U.S. electronics-return policy, the company said.
Costco shares fall 9 percent on profit woe
ISSAQUAH, Wash., April 22 (UPI) -- Shares in Costco Wholesale of Issaquah, Washington fell 9 percent Friday morning as it said it will not reach its projected earnings forecast for this year.

Quotes

“ We would get returns for TVs purchased a year earlier for $2,500 and customers could return a perfectly good item, find something a little better for $2,000 and walk out with a new TV and $500 cash, ”
Retailers clamp down on return fraud
United Press International
“ Despite satisfactory sales and membership results, and reasonably good expense control, our gross margins were lower than planned, principally from gasoline sales, ”
Costco shares fall 9 percent on profit woe
United Press International
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President Obama Signs Smuggling Prevention Act at White House
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