People love shopping for bulk food at Costco's giant warehouses, something they can't do at no-store having Amazon . And that's great news for Costco as it tries to defend its turf vs. a disruptive digital foe, according to a new survey from Barclays
In roughly four weeks’ time, OPEC and Russia will meet in Vienna to assess how well their agreement to cut oil production has performed. This week it led to a rough ride for prices, with headlines screaming ‘Oil has had its worst day since March!’ WTI closed on Wednesday at $50.26 per barrel, after the U.S. Energy Information Administration reported that stocks of crude oil had fallen by 1 m barrels – instead of the 1.5 m that had been anticipated. Well, when OPEC agreed in principle in September 2016 to reduce output, nothing was actually going to come into force until January 1st 2017.
Excluding one-time gains related to the sale of the Craftsman tool business and certain real estate, Sears lost between $190 million to $230 million. Sears also announced the departure of CFO Jason Hollar, who had only been on the job for about six months.