Reports: Costco co-founder to be honored at entrepreneurship awards ceremony
NEW YORK — An awards celebration this fall at the University of Missouri-Kansas City will honor the co-founder of Costco Wholesale Corp., according to published reports.
The St. Louis Post-Dispatch reported Thursday that Jim Sinegal, who retired as the club retailer’s CEO in January 2012, would be among the honorees of the university’s 28th Annual Entrepreneur of the Year Awards celebration.
Sinegal founded Issaquah, Wash.-based Costco together with Jeff Brotman in 1983. The company now operates 626 stores, including 449 in the United States.
Meijer, Fred Meyer offer mobile credit-card system
TROY, Mich. — Five regional retailers — including mass-merchandisers Meijer and Fred Meyer — are selling a mobile point-of-sale credit card processing system compatible with most smartphones and tablets in their stores.
PayAnywhere consists of an app and small credit card reader that hooks on to an Apple iPhone, iPad, iPod Touch, Android or BlackBerry device and allows for payment on the spot. In addition to Meijer and Fred Meyer, Walmart and other retailers such as Brandsmart, Hastings Entertainment, MicroCenter, OfficeMax, Home Depot and Pep Boys sell the system as well. PayAnywhere is aimed at small businesses that want to be able to accept credit cards.
"Many business owners and professional contractors prefer to ‘shop locally’ when they can to support their regional retailers," PayAnywhere VP sales Scott Addyman said. "The ability to purchase the PayAnywhere reader from these retailers is important to them."
Costco reports 7% sales increase for March
ISSAQUAH, Wash. — Club retailer Costco Wholesale announced Thursday sales grew by 7% in March compared with March 2012, the company said.
Costco reported net sales for the month of $9.67 billion, compared with $9.07 billion during the same period last year.
For the 31-week period that ended on Sunday, sales were $61.02 billion, an 8% increase over the same period last year, when sales were $56.34 billion.
The Issaquah, Wash.-based chain currently operates 626 stores, including 449 in the United States.