Retail Roundup—Costco online sales jump 42%; Toys R Us debates closing 100 stores

Costco
Costco had a boom in online sales this quarter, up 42%.

8,000 stores shuttered in 2017

A total of 8,053 store closures were announced in 2017, most due to bankruptcies. The retailer with the most locations set to close was Radioshack, coming in at 1,430 stores. (Business Insider)

Domino's names new EVP of international

Domino's is promoting Joe Jordan, U.S. chief marketing officer, to the position of executive vice president of international. Jordan will oversee the Domino's leadership team across Europe, the Middle East and Africa, regions which represent almost half of the brand's international sales. (PR Newswire)

Costco online sales jump 42%

In the latest quarter, Costco reported double-digit revenue growth, 12.2%, and comparable stores sales climbed 7.9%, beating original estimates. But the most impressive growth was in online sales, which were up 42.1% from last year. (U.S. News & World Report)

Toys R Us debating closure of 100 stores

Toys R Us is considering closing 100 U.S. stores in the aftermath of weak holiday sales. The retailer, which filed for bankruptcy back in September, has reported a 15% decline in Christmas shopping this season. (Bloomberg)

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