Costco Wholesale Corporation Updates on Children’s Sleepers

Date : 10/09/2019 @ 6:46PM
Source : GlobeNewswire Inc.
Stock : Costco Wholesale Corporation (COST)
Quote : 300.27  0.0 (0.00%) @ 11:59AM

Costco Wholesale Corporation Updates on Children’s Sleepers

Costco Wholesale (NASDAQ:COST)
Historical Stock Chart

2 Months : From Sep 2019 to Nov 2019

Click Here for more Costco Wholesale Charts.

Costco Wholesale is committed to protecting workers in its supply chains.  In furtherance of this commitment, the Company confirms that it has acted appropriately relative to children’s sleepers that have been referenced in the media.

The sleepers that had been on sale at Costco until very recently were sourced from factories outside the Xinjiang region and without connection to the entity that was recently named as the subject of a detention order by the Customs and Border Patrol.  Those factories were the subject of favorable audits for labor practices and have not been accused of wrongdoing.

Costco’s supplier also sourced sleepers from a factory in Xinjiang, but Costco has not received any of those sleepers.  That factory, too, was the subject of favorable audits that showed the absence of forced labor and other favorable results.

Although Costco has no reason to believe that any sleeper in its inventory was inappropriately sourced, out of an abundance of caution it has suspended sales pending further investigation and developments.

CONTACTS:Costco Wholesale Corporation
 John Sullivan 425/427-7577
 Sheri Flies 425/427-3965
 Preston Witt 425/427-7899


Latest COST Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.