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Costcos comparable sales growth has slowed as consumers reduce their purchases of discretionary items.The membership warehouse clubs comp sales rose 0.3% year over year during the quarter that ended May 7, Costco said in a T stanley cupe hursday May 25 聽earnings release.Bigger-ticket discretionary items like furniture and consumer electronics are getting hit arguably more than others, Costco Executive Vice President, Chief Financial Officer and Director聽Richard Galanti聽said Thursday during the companys quarterly聽earnings call.Customers are still buying non-discretionary items like food and sundries, Galanti said.Theyre also buying apparel in a big way and patio furniture as the weather warms up, Galanti added. Indoor furniture, not as much, Galanti said. We all know whats going on with consumer electronics out there, Galanti added. While all the numbers industrywide are down, ours are down a little bit less, but theyre down. PYMNTS reported on May 16 that consumers have been pulling back on some key categories of聽discretionary spending.Data released on that day by the Commerce Department showed that on a seasonally adjusted basis, April saw sales declines of 3.3% in sporting goods, 0.5% in electronics stores, 0.7% in furniture, 0.3% in clothi stanley uk ng and accessories, and 3.3% in sports and hobbies 鈥?all of which are cate stanley termoska gories that represent discretionary purchases.By region, Costos comp sales were down 0.1% in the United States, down 1.0% in Canada and up 4.1% in other international mar Idhk Western Union Opens Platform To Asia Affiliates

Uber has acqui-hired Swipe Labs, the social product studio run by Marwan Roushdy, to help the company further develop its driver app.According to news from聽TechCrunch, Roushdy and a selection of engineers from the tech startup, which experiments with new social stanley cup media products to craft better mobile communication experiences for users, will join Uber to work on the driver experience within the driver earnings team.Swipe Labs founders Roushdy and Addison Hardy met while working at now-defunct social media map app Connect and originally set out to launch a furniture rental startup called Fonzy. When that flopped, they raised a seed round to build Tag for privately sharing photos with groups of friends, but it too never took off. They eventually took those ideas and created Swipe, which allowed users to post photos and videos that appeared in a stack alongside other users content on the Swipe home screen of friends.The mobile app grew to more than a million users in its first few weeks, attracting a $5.6 million round and a lofty valuation. Yet as Snapchat continued to grow, Swipe petered out, and Hardy left stanley website the company.Over four years, Swipe raised $8.2 million and built four mobile apps for sharing photos, videos and group texts. stanley usa While the terms of the Uber acquisition werent disclosed, a source told TechCrunch that it is definitely acquihire. They were running out of cash, rather than being a lucrative acquisition.Ubers recent scandals, including sexual discrimination accusa