Sunday, November 3, 2013

Random Costco News of the Week: Greenhouse Gas, Phone Apps, Stock News

Random Costco news of the week:

Greenhouse Gas

A report released by the Environmental Investigation Agency (EIA) pinpointed Costco as a major source of greenhouse gas emission, because of the refrigerator cases. When I first read this, I thought this report was from the EPA, but subsequently realized it was the EIA. The EIA is a small advocacy organization headquartered in London.

It seems they pinpointed Costco because Costco belongs to an organization of retailers that have pledged to reduce greenhouse gasses.  It appears that other companies, such as Kroger that has over 2,000 stores compared to Costco's less than 700, were not included.  I'm guessing this press release was trying to raise awareness of the issue, and not truly an indictment of Costco's practices. Grocery stores with multiple sites in multiple towns in multiple states must be larger culprits than retailers with a smaller number of stores.

Phone Apps

I have trouble reading the Japanese Costcotuu website because I have to read it in translation, but I think she announced that she has an iPhone App!  Looking for it, I couldn't find it, but my app store only carries apps in English. I did see that Costco Wine Blog has an app!

Look for the Grandma Fifi app soon!

Stock News

Costco just announced $.31 cents per share quarterly dividend; this is the same dividend as in April and August of 2013.

Richard Gallanti, current Chief Financial Officer of Costco, sold over $1,000,000 worth of Costco stock in the last few days of October.  He has sold stock at regular intervals this year.

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