Costco: Private Labels Bringing Price Pressure

Costco Wholesale Corp. said last week it's seeing some deflationary pricing from manufacturers as private-label sales increase, but it's still tough to pick up business. Deflation is just under 2% in food and sundries, with lower prices in some big-volume categories like paper goods and dry goods, Richard Galanti, executive vice president and chief financial officer, said during

ISSAQUAH, Wash. — Costco Wholesale Corp. here said last week it's seeing some deflationary pricing from manufacturers as private-label sales increase, but it's still tough to pick up business.

Deflation is just under 2% in food and sundries, with lower prices in “some big-volume categories” like paper goods and dry goods, Richard Galanti, executive vice president and chief financial officer, said during a conference call to discuss financial results for the fourth quarter and f

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