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Costco contemplates more international expansion

As Costco Wholesale Corp. continues its international expansion, it is contemplating warehouse opportunities in China but is not yet ready to move on them, Richard A. Galanti, EVP and CFO, told analysts Wednesday.

“We recognize it’s a giant market, and every few years senior management goes over there and looks around,” he said.

“While we’re confident about what we do, and we’re very hands-on, we’ve got a lot of things going on in a lot of directions. We know somebody’s going to get there first, but when other people have gotten other places first, we do fine when we come in, so [expansion to China] will happen at some point, though I don’t know when. But we’re not ready yet.”

Although U.S. expansion will continue, the percentage of growth overseas will continue to rise, he said. “We are probably right at the mid-point of trending from the majority of locations in the U.S. to less than half in the U.S.,” he explained.

Expansion will continue in existing international markets, Galanti said, “and all of Europe is certainly an opportunity for us.”

Costco hopes to open a second location in Spain in the second half of fiscal 2016, he noted, “and we’re still fighting to get our first unit open in France.”

Galanti made his remarks during a conference call to discuss financial results for the first quarter ended Nov. 23. Net income for the 12-week quarter rose 16.7% to $ 496 million, while sales increased 7% to $ 26.3 billion and comparable sales, excluding gasoline, were up 7%, with average transaction size up 2.5% and average frequency up 4.5%.

Food and sundries, candy, deli and spirits were “relative standouts” during the quarter, Galanti noted.

Organic foods have risen to $ 3 billion annually, from about $ 1.4 billion two years ago, he said, “and it’s growing. I can’t tell you how quickly it will grow, but it’s certainly growing faster than our top-line overall.”

E-commerce sales were up 20% and represent just under 3% of total sales, he pointed out.


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Among Costco’s e-commerce activities is a partnership with Google Express in six U.S. markets — the San Francisco Bay Area, where testing started 10 months ago, plus Los Angeles and New York, with Chicago, Washington D.C. and Boston added in October.  “It’s too early to tell completely but we are seeing increased overall spending, and Google has been a good partner to work with,” Galanti said.

The company opened eight new warehouses during the quarter — six in the U.S., its seventh location in Australia and its second location in Leon, Mexico. Galanti said Costco has no openings scheduled for the second quarter, with a handful set for the third quarter and 20 openings planned for the fourth quarter for a total of approximately 30 new locations for the fiscal year, compared with 29 openings in fiscal 2014.

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International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

International Interest at China FVF 2014

Photo report
International Interest at China FVF 2014

The China Fruit and Vegetable Fair took place this year in the China National Convention Center in Beijing. There were international, as well as local exhibitors present as well as a wide range of visitors.

Click here for the photo report

New Zealand, Australia, South America, Europe and South Africa were among the countries promoting their fruit to the growing Chinese market which is seeing a great increase in demand for imported fruit and vegetables.

Click here for the photo report

There was a very positive feeling among those present about the potential of the Chinese market growth. Some countries already have access for some of their produce while others are going through the process of gaining it.

Lisa Pang, Director of the China FVF Organising Committe felt the fair had been a sucess and is looking forward to growing the eveny in the coming years.

FreshPlaza was present at the event and you can see the photo report:
Click here for the photo report

We will also publish a series of interviews with those present over the coming days.

Publication date: 11/17/2014
Author: Nichola Watson
Copyright: www.freshplaza.com


FreshPlaza.com

2 day forum on international developments in fresh produce sector

Forum, 12 roundtables, 40 speakers from 4 continents
2 day forum on international developments in fresh produce sector

Information about the product, the cultivation, the supply chain, are more and more key for the Fresh Produce, Fruit & Vegetables industry. Hereby business process, technology and information standards are developing fast in an international perspective.

To create a forum, platform, to share knowledge, developments, needs, from growers, traders and retailers GS1 in Europe and Frug I Com are organising the 1st European Forum and Round table on FRESH INFO(information management) in the first week of December in Rotterdam. 40 speakers from 4 continents will update you on the actuals in fresh produce and information management. ICT & standardization.

Forum, 12 roundtables, 40 speakers from 4 continents;
get updated on the international developments in Fresh & Information management in 48 hours!

Click here for the complete program
Click here for registration
Click here for delegates info
WWW.FRUGICOM.NL/EUFORUM

Media Partner: www.FreshPlaza.com

Publication date: 11/11/2014


FreshPlaza.com

2 day forum on international developments in fresh produce sector

Forum, 12 roundtables, 40 speakers from 4 continents
2 day forum on international developments in fresh produce sector

Information about the product, the cultivation, the supply chain, are more and more key for the Fresh Produce, Fruit & Vegetables industry. Hereby business process, technology and information standards are developing fast in an international perspective.

To create a forum, platform, to share knowledge, developments, needs, from growers, traders and retailers GS1 in Europe and Frug I Com are organising the 1st European Forum and Round table on FRESH INFO(information management) in the first week of December in Rotterdam. 40 speakers from 4 continents will update you on the actuals in fresh produce and information management. ICT & standardization.

Forum, 12 roundtables, 40 speakers from 4 continents;
get updated on the international developments in Fresh & Information management in 48 hours!

Click here for the complete program
Click here for registration
Click here for delegates info
WWW.FRUGICOM.NL/EUFORUM

Media Partner: www.FreshPlaza.com

Publication date: 11/11/2014


FreshPlaza.com

2 day forum on international developments in fresh produce sector

Forum, 12 roundtables, 40 speakers from 4 continents
2 day forum on international developments in fresh produce sector

Information about the product, the cultivation, the supply chain, are more and more key for the Fresh Produce, Fruit & Vegetables industry. Hereby business process, technology and information standards are developing fast in an international perspective.

To create a forum, platform, to share knowledge, developments, needs, from growers, traders and retailers GS1 in Europe and Frug I Com are organising the 1st European Forum and Round table on FRESH INFO(information management) in the first week of December in Rotterdam. 40 speakers from 4 continents will update you on the actuals in fresh produce and information management. ICT & standardization.

Forum, 12 roundtables, 40 speakers from 4 continents;
get updated on the international developments in Fresh & Information management in 48 hours!

Click here for the complete program
Click here for registration
Click here for delegates info
WWW.FRUGICOM.NL/EUFORUM

Media Partner: www.FreshPlaza.com

Publication date: 11/11/2014


FreshPlaza.com

Over 50,000 attendees get a peek at a sci-fi future at Pack Expo International in Chicago

CHICAGO — With over 1.2 million square feet of exhibition space and more than 2,400 exhibitors, the Association for Packaging and Processing Technologies Pack Expo International 2014 drew record-breaking crowds of more than 50,000 for the Nov. 2-5 exhibition, here.

With next-level technology on ample display, the floor looked as much like the set of a futuristic science fiction movie as a trade show.PE-3Bob Harandi of Nestle/Dreyer’s and Jeff Grossman of International Paper.

Packing, filling, weighing and processing machines buzzed and whirred non-stop around the floor, while life-size servo motor powered robots battled it out in a Plexiglas boxing ring in one booth and attendees took turns behind the wheel of a hyper-realistic F1 racing simulator in another.

“You’ve got to be careful in that simulator,” said Robert Jenkins of Church and Dwight, owners of the Arm & Hammer brand. “If you spin out, you’ve got mud on your windshield and it’s there for the rest of the race.”

Amid the hubbub, attendees jockeyed for space in 143 educational sessions — and vied for prized tickets to a command performance by comedian and former “Tonight Show” host Jay Leno at a reception benefiting the K9s for Warriors project and sponsored by International Paper, Bemis, DuPont and ProMach.

PMMI Director of Member Communications Kate Achelpohl noted that the packaging industry grew by 6 percent from 2012 to 2013 and should make a similar leap this year.

“The Pack Expo shows are always tremendous, but the International show is just mind-boggling,” said Don Reggio of Norcross, GA-based RockTenn, which showed off its packaging capabilities and machinery in a booth that dwarfed the company’s display at PMA Fresh Summit just two weeks earlier. “Even better, it’s always a great return on investment.”

The next PMMI show will be the debut of Pack Expo East, scheduled for Feb. 16–18, 2015, at the Pennsylvania Convention Center in Philadelphia. Expo Pack Guadalajara 2015 will be held March 10-12, 2015, in Guadalajara, Jalisco, Mexico, Expo Pack México 2015 will take place June 16-19 in Mexico City, Mexico, and Pack Expo Las Vegas is set for Sept. 28-20.

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

Over 50,000 attendees get a peek at a sci-fi future at Pack Expo International in Chicago

CHICAGO — With over 1.2 million square feet of exhibition space and more than 2,400 exhibitors, the Association for Packaging and Processing Technologies Pack Expo International 2014 drew record-breaking crowds of more than 50,000 for the Nov. 2-5 exhibition, here.

With next-level technology on ample display, the floor looked as much like the set of a futuristic science fiction movie as a trade show.PE-3Bob Harandi of Nestle/Dreyer’s and Jeff Grossman of International Paper.

Packing, filling, weighing and processing machines buzzed and whirred non-stop around the floor, while life-size servo motor powered robots battled it out in a Plexiglas boxing ring in one booth and attendees took turns behind the wheel of a hyper-realistic F1 racing simulator in another.

“You’ve got to be careful in that simulator,” said Robert Jenkins of Church and Dwight, owners of the Arm & Hammer brand. “If you spin out, you’ve got mud on your windshield and it’s there for the rest of the race.”

Amid the hubbub, attendees jockeyed for space in 143 educational sessions — and vied for prized tickets to a command performance by comedian and former “Tonight Show” host Jay Leno at a reception benefiting the K9s for Warriors project and sponsored by International Paper, Bemis, DuPont and ProMach.

PMMI Director of Member Communications Kate Achelpohl noted that the packaging industry grew by 6 percent from 2012 to 2013 and should make a similar leap this year.

“The Pack Expo shows are always tremendous, but the International show is just mind-boggling,” said Don Reggio of Norcross, GA-based RockTenn, which showed off its packaging capabilities and machinery in a booth that dwarfed the company’s display at PMA Fresh Summit just two weeks earlier. “Even better, it’s always a great return on investment.”

The next PMMI show will be the debut of Pack Expo East, scheduled for Feb. 16–18, 2015, at the Pennsylvania Convention Center in Philadelphia. Expo Pack Guadalajara 2015 will be held March 10-12, 2015, in Guadalajara, Jalisco, Mexico, Expo Pack México 2015 will take place June 16-19 in Mexico City, Mexico, and Pack Expo Las Vegas is set for Sept. 28-20.

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.

Over 50,000 attendees get a peek at a sci-fi future at Pack Expo International in Chicago

CHICAGO — With over 1.2 million square feet of exhibition space and more than 2,400 exhibitors, the Association for Packaging and Processing Technologies Pack Expo International 2014 drew record-breaking crowds of more than 50,000 for the Nov. 2-5 exhibition, here.

With next-level technology on ample display, the floor looked as much like the set of a futuristic science fiction movie as a trade show.PE-3Bob Harandi of Nestle/Dreyer’s and Jeff Grossman of International Paper.

Packing, filling, weighing and processing machines buzzed and whirred non-stop around the floor, while life-size servo motor powered robots battled it out in a Plexiglas boxing ring in one booth and attendees took turns behind the wheel of a hyper-realistic F1 racing simulator in another.

“You’ve got to be careful in that simulator,” said Robert Jenkins of Church and Dwight, owners of the Arm & Hammer brand. “If you spin out, you’ve got mud on your windshield and it’s there for the rest of the race.”

Amid the hubbub, attendees jockeyed for space in 143 educational sessions — and vied for prized tickets to a command performance by comedian and former “Tonight Show” host Jay Leno at a reception benefiting the K9s for Warriors project and sponsored by International Paper, Bemis, DuPont and ProMach.

PMMI Director of Member Communications Kate Achelpohl noted that the packaging industry grew by 6 percent from 2012 to 2013 and should make a similar leap this year.

“The Pack Expo shows are always tremendous, but the International show is just mind-boggling,” said Don Reggio of Norcross, GA-based RockTenn, which showed off its packaging capabilities and machinery in a booth that dwarfed the company’s display at PMA Fresh Summit just two weeks earlier. “Even better, it’s always a great return on investment.”

The next PMMI show will be the debut of Pack Expo East, scheduled for Feb. 16–18, 2015, at the Pennsylvania Convention Center in Philadelphia. Expo Pack Guadalajara 2015 will be held March 10-12, 2015, in Guadalajara, Jalisco, Mexico, Expo Pack México 2015 will take place June 16-19 in Mexico City, Mexico, and Pack Expo Las Vegas is set for Sept. 28-20.

The Produce News | Today’s Headlines – The Produce News – Covering fresh produce around the globe since 1897.