Costco

Costco Wholesale Corporation is a leading global retailer operating a chain of membership-only warehouse clubs. Founded in 1983 by James Sinegal and Jeffrey H. Brotman in Seattle, Washington, Costco has grown to become the third-largest retailer worldwide.

Its business model centers on offering a limited selection of high-quality, brand-name merchandise at substantially lower prices than traditional wholesale or retail sources. This includes groceries, electronics, appliances, automotive supplies, and health and beauty aids.

A distinctive feature of Costco is its private label, Kirkland Signature™, which provides products designed to be of equal or better quality than national brands.

Access to Costco's offerings requires an annual membership, granting the privilege to shop at any of its global locations. Membership fees are a significant revenue stream, contributing over 72% of its net operating income in recent fiscal years.

Costco also offers various services to members, including discounted gasoline stations, optical centers, pharmacies, and food courts. These enhance the value proposition, fostering customer loyalty and satisfaction.

Global Locations

As of 2024, Costco operates 877 warehouses globally, predominantly in the United States and Puerto Rico. International expansion includes:

• Canada
• Mexico
• United Kingdom
• Japan
• South Korea
• Australia
• Taiwan
• China
• Spain
• France
• Iceland
• New Zealand
• Sweden

Additionally, Costco has locations in Charleston, SC, Pearland, TX, Los Angeles, CA, Honolulu, HI, Hilo, HI, Henderson, NV, Milwaukee, WI, Chattanooga, TN, Des Moines, IA, Hendersonville, TN, Rockford, IL, Gresham, OR, Provo, UT, Albuquerque, NM, Springfield, MA, Midland, TX, Fort Collins, CO, Pompano Beach, FL, Eugene, OR, and more.

Commitment to Excellence

Costco's dedication to quality, value, and customer satisfaction solidifies its position as a prominent player in the global retail industry. It continues to attract a growing base of loyal members worldwide through its unique business approach and member-focused services.