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Costco CFO says changes in US consumer spending are similar to those felt during recessions of 2000 and 2008, point to possible recession; changes include buying cheaper meats, growth of company's own-brand Kirkland that is 'well above' previous levels

BJ’s Wholesale Club to launch first club location in Tennessee on June 14 in La Vergne, expanding to its 19th state; company will now have a total of 238 US clubs

Costco's net sales for four weeks ended May 28 up 1.2% year-over-year to US$18.45B • total comp sales down 0.3% • US down 1.5% • Canada up 0.5% • Other International up 5.5% • E-commerce down 7.6%

Costco is holding back on plans to hike up fees for its Gold Star members, even as inflation continues to depress consumer spending, impact sales; CFO says eventual raise will come at a time that will not meaningfully impact renewal rates or sign-ups

Costco's fiscal Q3 net income attributable to company down to US$1.30B from US$1.35B last year • net sales up 1.9% to US$52.6B • total comp sales up 0.3% • US down 0.1% • Canada down 1.0% • Other International up 4.1% • E-commerce down 10.0%

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