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Price Costco Company

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BUSINESS
June 4, 1994 | CHRIS KRAUL, TIMES STAFF WRITER
When U.S. retailers took the discount membership warehouse concept to Mexico, few envisioned that the giant stores would be so successful in such a relatively short time. San Diego-based Price/Costco, which opened its first Price Club in Mexico City in 1992 and now has six outlets, says business has been so good that it plans to build six more in Mexico by the end of the year in partnership with Mexican retailer Comercial Mexicana.
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BUSINESS
February 23, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
In the computer game world, gratuitous violence is an everyday commodity. But lust doesn't sell--at least not on the shelves at Costco Cos. Take Tribal Dreams' forthcoming release, "Of Light and Darkness--The Prophecy." The game, which features a digital likeness of actress Lolita Davidovich and the voice of actor James Woods, has a painting of a sexy, futuristic-looking angel on the cover of its box.
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CALIFORNIA | LOCAL
June 7, 1996 | FRANK MANNING
Preparations are underway for the opening of a PriceCostco store in Westlake Village, which city officials said is expected to open in August. The city this week began upgrading traffic signals near the site of the new store, at Thousand Oaks Boulevard and Lindero Canyon Road, officials said. Signals are also being upgraded at Thousand Oaks Boulevard and Portola Court, near the site of a future Hughes Market, which will be part of the PriceCostco complex.
BUSINESS
March 30, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Executives at GT Bicycles were ecstatic when Moscow businessman James Avchuk offered to help them break into the burgeoning Russian market for upscale Western goods. A deal was quickly struck, and in mid-1995, Santa Ana-based GT began shipping 2,600 pricey mountain bikes. But somewhere along the line, GT now alleges, the bikes made an unscheduled detour back into the United States, where Price/Costco sold them at prices well below what authorized bike shops were charging.
BUSINESS
January 13, 1995 | GEORGE WHITE
The peso devaluation has disrupted the plans of at least one American retailer: PriceCostco, the Kirkland, Wash.-based warehouse store operator. PriceCostco and Price Enterprises have abandoned efforts to sell their combined 50% stake in their 11-store Mexican chain to their joint venture partner in Mexico. The partner, Controladora Comercial Mexicana, intended to buy that 50% share but was unable to complete the transaction when the value of peso began to slide in December.
BUSINESS
July 19, 1994 | From Times Staff and Wire Reports
Price / Costco to Spin Off Unit: Citing philosophical differences that arose from the merger of Price Co. and Costco, Price / Costco Inc. said it plans to spin off a variety of operations and assets as a new company. The new company, for now called Newco, is to include Price / Costco's commercial real estate operations, a majority stake in Price / Costco's Mexico operations and in its Quest Electronic Catalogue, and other assets.
BUSINESS
January 21, 1994 | From Times Staff and Wire Reports
Price/Costco to Shut Four Stores: Closing Jan. 30 are a Costco store in Riverside and Price Club stores in Bakersfield; Richmond, Calif., and New Britain, Conn. As many as 350 employees may be affected, said Richard Galanti, Price/Costco's chief financial officer. The stores were targeted for closure because they are in markets that overlap with other stores as a result of last year's $2.3-billion merger of Kirkland, Wash.-based Costco Wholesale Corp. and San Diego-based Price Inc.
CALIFORNIA | LOCAL
February 17, 1996 | FRANK MANNING
The Agoura Hills City Council has banned heavy trucks from a half-mile stretch of Thousand Oaks Boulevard near a PriceCostco store under construction in neighboring Westlake Village. The ordinance, approved this week by the City Council, bans trucks weighing more than 10,000 pounds. City officials say that as construction on the store progresses, they fear traffic will increase, and some truck drivers will be tempted to use Thousand Oaks Boulevard as an alternative route to the Ventura Freeway.
CALIFORNIA | LOCAL
September 11, 1995 | FRANK MANNING, SPECIAL TO THE TIMES
Emotions are running high here over a PriceCostco store to be built in the northwest part of town, marring this community's image as a sleepy place where disagreements are often resolved over a game of golf. Residents who couldn't name one City Council member a few months ago now are opening their checkbooks to a recall movement against two council members who in April voted to let the store into this tiny, upscale community of 7,740.
CALIFORNIA | LOCAL
May 17, 1995 | FRANK MANNING
Opponents of a planned PriceCostco store in Westlake Village have filed a lawsuit to block the controversial project, which was approved by the City Council last month. The suit, filed in Los Angeles Superior Court, alleges that an environmental impact report for the project is flawed, and asks the city to prepare a new report. It names as defendants the city of Westlake Village, the City Council, PriceCostco Inc. and Richland Properties Limited, a Florida-based developer.
CALIFORNIA | LOCAL
September 13, 1996 | SYLVIA L. OLIANDE
Citing dissatisfaction with the work done so far, Price-Costco has replaced the landscaping subcontractor for its recently opened warehouse discount store in Westlake Village, city officials said. Since the store's opening last month, much of the landscaping--including ground cover, bushes and the building and planting of a green wall to shield the parking lot from view of the cemetery next door--has yet to be completed. Another landscaper was expected to begin work today to finish the project.
CALIFORNIA | LOCAL
June 7, 1996 | FRANK MANNING
Preparations are underway for the opening of a PriceCostco store in Westlake Village, which city officials said is expected to open in August. The city this week began upgrading traffic signals near the site of the new store, at Thousand Oaks Boulevard and Lindero Canyon Road, officials said. Signals are also being upgraded at Thousand Oaks Boulevard and Portola Court, near the site of a future Hughes Market, which will be part of the PriceCostco complex.
CALIFORNIA | LOCAL
February 17, 1996 | FRANK MANNING
The Agoura Hills City Council has banned heavy trucks from a half-mile stretch of Thousand Oaks Boulevard near a PriceCostco store under construction in neighboring Westlake Village. The ordinance, approved this week by the City Council, bans trucks weighing more than 10,000 pounds. City officials say that as construction on the store progresses, they fear traffic will increase, and some truck drivers will be tempted to use Thousand Oaks Boulevard as an alternative route to the Ventura Freeway.
CALIFORNIA | LOCAL
November 25, 1995 | FRANK MANNING
Concerned that construction of a PriceCostco store in Westlake Village will bring additional large-truck traffic to Thousand Oaks Boulevard, Agoura Hills is considering banning such vehicles from a half-mile stretch of the street. The Agoura Hills City Council will hold a public hearing on the matter Dec. 20, City Manager Dave Adams said. A proposed ordinance would ban trucks weighing more than 10,000 pounds from the stretch between Reyes Adobe Road and the Westlake Village city line.
CALIFORNIA | LOCAL
September 11, 1995 | FRANK MANNING, SPECIAL TO THE TIMES
Emotions are running high here over a PriceCostco store to be built in the northwest part of town, marring this community's image as a sleepy place where disagreements are often resolved over a game of golf. Residents who couldn't name one City Council member a few months ago now are opening their checkbooks to a recall movement against two council members who in April voted to let the store into this tiny, upscale community of 7,740.
CALIFORNIA | LOCAL
August 29, 1995 | FRANK MANNING
Opponents of a planned PriceCostco store in Westlake Village have launched a recall attempt against two City Council members who voted to approve the project. The group has served papers on Kris Carraway and Doug Yarrow informing them of its intentions, City Clerk Laura Johnson said Monday. The group, she said, needs 1,274 valid signatures--or 25% of the city's registered voters--to force a recall election.
BUSINESS
March 30, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Executives at GT Bicycles were ecstatic when Moscow businessman James Avchuk offered to help them break into the burgeoning Russian market for upscale Western goods. A deal was quickly struck, and in mid-1995, Santa Ana-based GT began shipping 2,600 pricey mountain bikes. But somewhere along the line, GT now alleges, the bikes made an unscheduled detour back into the United States, where Price/Costco sold them at prices well below what authorized bike shops were charging.
CALIFORNIA | LOCAL
March 10, 1994 | PHIL SNEIDERMAN, TIMES STAFF WRITER
Despite criticism from residents who said the city should not subsidize retail stores, the Lancaster City Council has unanimously approved a $7.3-million deal to aid construction of a new Price/Costco store. At their meeting Monday, council members said they feared that without the financial help, the warehouse chain might build another store in Palmdale and drain off sales tax dollars that are needed to support city services in Lancaster.
CALIFORNIA | LOCAL
August 19, 1995 | FRANK MANNING
Friends and foes of a planned PriceCostco warehouse store in Westlake Village have put their arguments on hold while a judge deliberates on a motion to require a new environmental study. Los Angeles County Superior Court Judge Robert H. O'Brien told city officials he would announce his decision soon, said Westlake Village City Manager Ray Taylor. The city contends that a 1989 environmental impact report shows that the project will not hurt the area's quality of life.
CALIFORNIA | LOCAL
June 26, 1995 | FRANK MANNING
A Los Angeles Superior Court judge has ruled that construction cannot begin on a planned PriceCostco store in Westlake Village until at least Aug. 14, when a hearing is scheduled on a lawsuit by the project's opponents. The ruling, by Judge Robert H. O'Brien, was hailed by PriceCostco opponents. "It's a small victory and we're obviously very pleased," said Jim Shaw, a spokesman for United Communities Against PriceCostco Inc.
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