• The Seattle Post Intelligencer reports that its Q2 total same-store sales were up 8.4 percent, with US same-store sales up 7.1 percent. Costco's online sales were up 28.5 percent.

Costco said that Q2 net income rose to $701 million, from $515 million, on sales that were up almost 11 percent during the same period a year ago. Costco also said it had a $74 million tax benefit due to the new federal corporate tax cut.


• The New York Times reports that in Japan, Coca-Cola plans to introduce “a flavored, bubbly drink spiked with alcohol” - a first for the company.

The Times writes that “Coca-Cola has never before ventured into the so-called alcopop sector. But fizzy drinks made with alcohol, fruit juice and sparkling water or soda, a category known as chu-hi in Japan, are popular across the country.”