Shares of Costco Wholesale (NASDAQ:COST) opened today below their pivot of $94.38 and have already reached the first level of support at $94.14. Should the shares continue to fall, the support pivots of $93.86 and $93.34 will be of interest.
Costco Wholesale (NASDAQ:COST) is currently priced 5.6% above its average consensus analyst price target of $88.86. The stock should find initial support at its 50-day moving average (MA) of $87.42 and further support at its 200-day MA of $85.39.
Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries. The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, as well as other goods.
In the past 52 weeks, shares of Costco Wholesale have traded between a low of $70.22 and a high of $95.55 and are now at $94.11, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.
Buying Wholesale Salon Equipment - pressbox.co.uk
Added: (Thu Jul 05 2012)
Pressbox (Press Release) - Buying salon equipment from a wholesaler is one option to consider when opening a new hair, nail or tanning salon. Wholesalers of salon equipment typically offer many different styles and brands of equipment because they don't specialize in one particular brand over another. This allows the consumer many options when equipping their business.
Many wholesale suppliers of salon equipment are available online and consumers are able to quickly and conveniently browse through online catalogs to determine which equipment best suits their business needs. Many of these wholesalers also offer free shipping to entice consumers to make a purchase.
Wholesale suppliers can also offer lower prices than smaller businesses that specialize in beauty equipment. They often carry a very large inventory and possess the power to make bulk purchases, allowing them to offer deeper discounts to their customers. Wholesale suppliers also offer financing or leasing options to the customer. This is a convenient way to allow business owners to grow their business, especially during the start up phase. Typically, wholesale salon equipment comes with a warranty that may vary from a standard 3-year warranty to a lifetime warranty -- which is typically attached to more expensive equipment. It is also important to ensure that wholesale salon equipment may be returned or exchanged if it is found to be substandard or defective.
In addition to the general cost savings of purchasing wholesale salon equipment, consumers may further save money if they purchase wholesale salon equipment that is offered as clearance. Many wholesale suppliers offer a selection of clearance equipment at deeply discounted prices. This equipment may have a low turnover rate and the supplier wishes to quickly liquidate the items. Consumers can save significantly when buying new items that are offered on clearance.
Wholesale suppliers can offer a consumer great savings on wholesale salon equipment. Prior to making a purchase, it is important to conduct research. Ensure you are purchasing from a reputable supplier that offers a solid return or exchange policy. If the policy being offered is inadequate or is not easily understood, it may be a wise decision to purchase elsewhere.
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Submitted by:salonfurniturewarehouse Find out more.
Westfield unveils plans for Croydon shopping centre - BBC News
First they headed west. For London's debut mega-mall, which opened in 2008, White City, on the doorstep of the affluent Notting Hill and Holland Park, was an obvious choice of location for retail giant Westfield's property developers.
It was a shrewd second move to look east. Next door to the Olympics Park, the regenerated Stratford was chosen for Westfield's second giant London shopping complex. It opened last September and has generated more than £500m in sales.
Now the retail giant has unveiled plans to build its third shopping mall in the capital - in Croydon, south London.
Westfield promises a £1bn redevelopment of the Whitgift shopping centre, which would offer 1.5 million sq ft (0.46 million sq m) of retail space, a multi-screen cinema, a bowling alley and a multitude of restaurants.
An alternative scheme by retail developers Hammerson, which already owns the neighbouring Centrale shopping centre, is expected to be unveiled later this month.
But why Croydon? With department store Allders, whose flagship store has been the town since 1862, announcing it had gone into administration last month, surely the town's success as a shopping destination is not guaranteed?
In another blow to the town's confidence, in January, confectionery giant Nestle announced it was moving its UK headquarters and 840 jobs from Croydon to West Sussex after more than 40 years.
Riots fundIndependent record store owner Duncan Barnes said: "Croydon used to be very cosmopolitan and thriving. But the rot's been setting in for years and has never been addressed.
"The recession has brought the chickens home to roost. Croydon's now full of empty boarded up shops, bringing the tone of the place down.
"The riots exposed Croydon's shortcomings to the world," added Mr Barnes, who set up his 101 Records store in Croydon in 1973.
Croydon was one of the areas of London worst hit by rioting and looting last August.
In September, it was announced the area would receive £23m as part of a regeneration fund allocated to the boroughs worst affected by the disorder.
'Great location'Westfield's development director John Burton explained why the firm had set its sights on Croydon, in a scheme he says will create 5,000 jobs and up to 600 new homes.
"It's a great location with good transport links," he said.
"There are huge numbers of people who really should be shopping in Croydon, who aren't because the variety, fun, safety and excitement just isn't there.
"We can create something that will convince people to come back and return Croydon to the top of the ladder."
A Hammerson spokesman explained why he thought his company was more suited to developing the Whitgift centre.
"We have deep experience in redeveloping town and city centres, and can help return Croydon to its rightful place as one on the UK's top retail destinations," he said.
'Abysmal footfall'Meanwhile 101 Records' Mr Barnes said he approved of plans for regeneration but added: "I don't think Westfield is the right tenant."
His store is based in the Centrale shopping centre, owned by Hammerson and across the road from the Whitgift centre.
"Westfield will not help bring customers to my store. We're over the other side - in a location with abysmal footfall," Mr Barnes added.
"If two opposing landlords own the different shopping centres in Croydon, there will be constant bickering, slowing progress down."
But Mr Burton said the firm's shopping centre plans for south London would attract more people to Croydon, increasing footfall to shops throughout the town centre.
He added that Stratford retailers raised similar concerns before east London's Westfield was built but "Stratford has not been decimated as people predicted."
"The tales of doom, gloom and devastation have not come true," he said.
Back at 101 Records, Mr Barnes, has some heartfelt advice for whichever of the firms is successful in Croydon.
"We're all at the end of our tether," he said. "They need to get a move-on with the redevelopment. Time is running out."
A four-day exhibition showing Westfield's proposal is being held on North End near the Whitgift Centre.
BT upset at Ofcom's wholesale leased-line price cap plan - The Register
BT upset at Ofcom's wholesale leased-line price cap plan
Watchdog hopes it'll drive down costs for telco's rivals
Posted in Telecoms, 5th July 2012 12:02 GMT
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BT is worried about Ofcom's plans to tighten its control of the national telco's wholesale Ethernet services prices outside of London.
The communications watchdog warned today that it had proposed to come down hard on BT charges for products using leased telecoms lines - which provide high-speed links for businesses including BT's rivals who provide superfast broadband and mobile services.
At the same time, Ofcom has also gone soft on BT by promising a "safeguard cap" on low bandwidth Ethernet lines in west, east and central London, because those are the areas where the telecoms giant faces more competition.
Ofcom proposed today that "no prices can rise over the three-year period" for each relevant Ethernet service in those parts of the capital outlined by the watchdog.
BT said in a statement to The Register:
While we note Ofcom's recognition of the costs and declining volumes across Partial Private Circuit products, we have some concerns about the proposals for wholesale Ethernet services pricing outside the London area.
We will engage with Ofcom to make our views clear. We believe regulation should allow a fair return on leased lines products in order to ensure sustainable investment in the future of the UK's telecoms infrastructure.
Ofcom clearly disagrees with BT's concerns. It said:
Ofcom expects the proposed controls will lead to real-terms price reductions for most customers of the £2bn leased lines market, such as businesses, schools, universities and libraries.
Consumer mobile and broadband operators, which use leased lines to transfer data on their networks, would also see savings which could be passed on to customers.
The regulator proposed the following for BT's prices based on retail price index (RPI) inflation:
- For BT’s traditional interface services, Ofcom is proposing an overall basket cap of between RPI + 0 per cent and RPI + 6.5 per cent, with a central estimate of RPI + 3.25 per cent.
- For BT’s Ethernet services, we are proposing an overall basket cap of between RPI - 8 per cent and RPI - 16 per cent, with a central estimate of RPI - 12 per cent.
Ofcom said that public consultation [PDF] on its proposals would run until 30 August. The regulator will then review the comments, consult with the European Commission and then report its findings in early 2013.
Last month, the comms watchdog confirmed it was planning to put forward proposals to regulate 1Gbps+ wholesale leased lines that exist outside of Blighty's capital.
At the same time, Ofcom made it clear in June that it wouldn't intervene on the touchy subject of BT's so-called dark fibre (unlit/unused optical fibre), which rivals had hoped the national telco would rent out on a wholesale basis.
Brussels commissioner 'Steelie' Neelie Kroes has been lobbying for years to get incumbent telcos in Europe to allow access to "unlit" fibre already laid but not used, so that rival firms can light it themselves.
Just yesterday, the EC stalled the UK's superfast broadband plans amid competition concerns that the bidding process for public funds had turned into a two-horse race between BT and Japanese company Fujitsu, which is investing around £2bn in Britain to gain put its own fibre tentacles into the country. ®
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How to make the most of shopping portal eBay - WalesOnline
Have you always wanted to enter the world of eBay but not known where to start or felt nervous at the idea of buying blind? Self-confessed eBay addict Rachel Edwards explains how to make the most of the online shopping portal, and shows off some of her best eBay buys
IF YOU’RE wary of online shopping, the thought of bidding against strangers for secondhand clothes or goods is probably enough to send you running for your Next catalogue.
But what if you had a vast selection of products, updated daily, at a fraction of their retail price? If this could appease the critic inside you, you could be persuaded to try eBay, the hugely popular online shopping platform which has 17.7 million users in the UK alone.
Jane Bell, a specialist eBay consultant who offers her services at www.janebell.co.uk, describes its appeal.
“I was once asked by a lady at a business event why someone would go to eBay to buy something instead of the retailer’s website.
“I replied that, especially in this current climate, people go to eBay first to find the product and then buy from the seller with the most attractive offer.”
The range of products on the site might surprise you. eBay hosts a staggering four million items for sale at any given moment. Despite the myriad of vinyls, children’s toys, athletic equipment and digital cameras, it is the sales of clothing and accessories that have boomed.
Type “Topshop dress” into eBay’s search engine and you could be wading through more than 10,000 articles of clothing in less than a second. Inexpensive fashion is eBay gold, and the company masterminds even launched a dedicated fashion outlet on the site in 2010, inviting brands like Office and French Connection to sell their goods – it was at this point that online retail reached a tipping point and overtook high street sales.
About 100 popular high street brands are now using eBay as a platform to reach a broader customer base and, as discounts reach a hefty 70%, this collaboration is proving advantageous for all.
Now more than ever before, an inexpensive shopping spree is on the top of every woman’s wish list, a way to fulfil the need for a quick fashion fix without the guilt of spending when we should all be saving. With bargains rivalling the January sales, it’s very likely that the little black dress of your dreams could be waiting for you at the attractive price of 99p. Isn’t it time to give it a go?
Buying is relatively simple. You need a Paypal account – the preferred method of secure online transactions amongst eBayers – and a free afternoon to hunt through the Aladdin’s cave of sartorial treats. Once something catches your eye, you bid against other buyers to win.
Of course, eBay is more than just a shopping platform. It can be a money-spinning opportunity for anyone with a computer and overflowing storage boxes, which, let’s face it, is just about everyone.
“New businesses are starting on eBay all the time,” says Jane.
“People facing redundancy and lower pay are turning to it to sell unwanted goods to improve cashflow or start their own businesses in an increasingly difficult job market.
“eBay is flexible and fits in with school hours, day jobs and other commitments.
“It allows a ‘home hobby’ business to flourish slowly without the constraints of finance, premises and cashflow.”
The full-time über sellers, known to the eBay community as Powersellers, have annual turnovers comparable to small businesses.
Not everyone has the time or inclination to sell on such a large scale, but making fast money by clearing out your attic should not be sniffed at.
Want to start selling on eBay but don’t know where to begin?
Your first step is to open an account – you can’t buy or sell without one. Selling your wares is a relatively simple task, and there are plenty of online tutorials to help you on your way. It simply involves uploading a few photographs of your item, writing a short description and deciding your price. Listings can cost you as little as 25p. The bidding usually lasts a week, but there is a Buy It Now option if the auction format doesn’t appeal to you. Every successful sale will incur a small fee, roughly 10% of the final selling price, but it never surpasses £40. Not everything sells, but perseverance pays off and re-listing two or three times usually does the trick. Packaging is down to you and should meet certain standards, but no-one would blink an eye if an eBay parcel arrives wrapped in Christmas paper.
If you still harbour doubts, it may be because you’ve heard the horror stories of online rip-offs and shady sellers. Although the eBay community as a whole are a friendly bunch, there are certain people who use the anonymity to scam buyers into handing over their cash for bogus products. Fans of eBay will tell you that they are a minority and that scams are avoided if you know what to look out for.
“Security on eBay has improved massively over the years”, adds Jane.
“Trust and safety is at the heart of everything that eBay do. They have developed the Buyer Protection Program and also the Top Rated Seller Program to create an environment where people can shop with confidence.”
Still not convinced? Take a brief look around the site and soon enough you’ll be joining me in eBay addicts anonymous.
eBay dos and don’ts: next page
Rachel’s personal experience of eBay: page three
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