Day: March 5, 2021

Costco 4Q profits rise, helped by pandemic shopping habits

ISSAQUAH, Wash. (AP) — Warehouse retail chain Costco Wholesale said its fourth-quarter profits rose slightly from a year ago, its profits weighed by wage premiums paid to employees during the pandemic.

In a quarter during which Costco saw a surge of online shopping, the company based in Issaquah, Washington, said it earned $951 million, or $2.14 per share. That’s compared to a profit of $931 million, or $2.10 per share, in the same period a year earlier.

But the results were below analysts’ expectations, pushing the Costco’s stock down about 2% in after-hours trading.

The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share in the latest quarter.

Costco said the premium COVID-19 pay for its employees trimmed its profits by 41 cents per share.

Costco has been one retailer that has mostly benefited from the pandemic, as stay-at-home Americans stocked up

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Kristin Cavallari’s Layered Mini Skirt Is Our New Obsession

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In this Shop With Us house, we stan Kristin Cavallari‘s style! She is one of our favorite celebrities to scope out when our well of fashion inspiration has run dry. Seriously, whenever we’re trying to create a laid-back look, we know that the former Very Cavallari star will provide us with a slew of chic ensembles to take notes from.

With the spring season coming in hot, we need to refresh our closets with new everyday pieces. Luckily, Cavallari was ahead of the curve, recently stepping out in this adorable mini skirt which she posted on her Instagram Stories. We were immediately captivated, and because she didn’t tag the brand, we took it upon ourselves to find a nearly identical version on Amazon.

Kristin Cavallari.

Kristin Cavallari. Courtesy of Kristin Cavallari/Instagram

See it!

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New Men’s Boutique in L.A. Mixes Designer Fashion and Sex Toys

Joakim Andreasson, familiar in the fashion world for handling licensing for the Tom of Finland Foundation and for helping transition Helmut Lang into the art world, has opened a new by-appointment CultureEdit store in Hollywood geared to the LGBTQ community, mixing high-end designer fashion with sex toys, erotica and home decor.

Specializing in “queer and sex-positive designers,” the store is in the same space as the Tom of Finland Store website fulfillment. It’s an outgrowth of his Andreasson’s work, offering lots of Tom of Finland goods, including a recent display of $2,000 carpets, alongside Marilyn Minter art pillows, and his edit of apparel by Comme des Garçons Homme Plus, CDG Play, JW Anderson, MSGM, Walter Van Beirendonck, and Nigerian brand Orange Culture; Bernhard Wilhelm and Henrik Vibskov graphic knits, art books, gifts and hundreds of sex toys. The shop even has its own c–k ring “bar.”

More from WWD

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Fashion hits and misses from the 2021 Golden Globes

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Microsoft and partners may be compensated if

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