Athleisure giant Lululemon has filed a lawsuit against Costco, accusing the wholesale retailer of selling unauthorized imitations of its popular apparel items, including its signature $128 pants. In the suit filed Friday in California, the Vancouver-based company claims that Costco’s private-label brand, Kirkland, is producing and selling apparel that closely mimics Lululemon’s designs – including…
DEI is winning with Costco, Apple and Levi’s shareholdersDespite mounting political pressure and public backlash against diversity, equity, and inclusion (DEI) initiatives in corporate America, shareholders at some of the country’s biggest companies continue to overwhelmingly support them. Recent shareholder meetings at firms including Costco, Apple, Levi’s, Goldman Sachs, and John Deere saw resounding rejections…
Costco is making a significant change at its food courts, bringing back Coca-Cola as its fountain soda provider and ending its decade-long partnership with Pepsi. The switch is set to take place this summer, as confirmed by Costco CEO Ron Vachris during the company’s annual shareholders meeting. “We will be converting our food court fountain…
Costco has expanded its offerings of precious metals by introducing platinum bars to its collection. The retail giant is now selling 1 oz. Swiss-made platinum bars for $1,089.99 on its website, with a Costco membership required for purchase. The bars, featuring the Roman goddess of prosperity, Lady Fortuna, are manufactured by a reputable Swiss refiner….
Costco’s new chief financial officer, Gary Millerchip, has assured customers that the beloved $1.50 hot dog and soda combo will remain at its current price, despite rising inflation. Addressing recent speculation during an earnings call with analysts on Thursday, Millerchip stated, “To clear up some recent media speculation, I also want to confirm the $1.50…
