NEWS WATCH: COSTCO LOWERS PROFIT FORECAST ON MARKDOWNS...TEAMSTERS URGE KROGER TO STAY IN MICHIGAN DC...KOREAN GROCERS SUE WAL-MART, ANDREW YOUNG

Costco Lowers Profit Forecast on Markdownshere last week lowered earnings expectations for the fourth quarter because of declining margins and higher markdowns on hardlines, principally electronics and furniture. Earnings per share for the period, which ended Aug. 30, are expected to be between 68 cents and 71 cents, compared with forecasts of 71 cents to 74 cents the company issued at the end of

Costco Lowers Profit Forecast on Markdowns

here last week lowered earnings expectations for the fourth quarter because of declining margins and higher markdowns on hardlines, principally electronics and furniture. Earnings per share for the period, which ended Aug. 30, are expected to be between 68 cents and 71 cents, compared with forecasts of 71 cents to 74 cents the company issued at the end of the third quarter, Richard Galanti, chief financial officer, said. Noting that fisc

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