Costco Wholesale

Costco Wholesale Corporation is a leading American multinational retail corporation operating a chain of membership-only warehouse clubs. Founded in 1983 by James Sinegal and Jeffrey Brotman in Seattle, Washington, Costco has grown to become the world's third-largest retailer, with over 900 warehouses across 14 countries.

Costco's business model centers on offering a limited selection of high-quality, brand-name merchandise at substantially lower prices than traditional retail outlets. This approach is facilitated by requiring customers to purchase an annual membership, which not only generates significant revenue but also fosters customer loyalty.

As of 2024, Costco boasts approximately 136.8 million members worldwide.

The product range at Costco is diverse, encompassing groceries, electronics, furniture, clothing, and more. A notable feature is the Kirkland Signature brand, introduced in 1995, which offers products of equal or superior quality to national brands, contributing to nearly one-third of Costco's sales.

In addition to its retail operations, Costco provides various services, including optical centers, pharmacies, and gas stations at select locations. The company is also recognized for its philanthropic efforts, contributing over $58 million in 2021 to organizations such as United Way and Children's Miracle Network Hospitals.

Locations

Costco's global presence includes warehouses in the United States, Canada, Mexico, Japan, South Korea, the United Kingdom, Australia, Spain, France, and other countries.

In the United States, Costco operates numerous warehouses in key cities:

• San Francisco, CA
• Federal Way, WA
• El Paso, TX
• Baton Rouge, LA
• Mobile, AL
• New Orleans, LA
• Inglewood, CA
• Oxnard, CA
• West Palm Beach, FL
• Chicago, IL
• Murfreesboro, TN
• College Station, TX
• Conroe, TX
• Atlanta, GA
• Pearland, TX
• Lafayette, LA
• Webster, TX
• Orlando, FL
• Colchester, VT

Commitment and Growth

Costco's commitment to quality, value, and customer satisfaction has solidified its position as a leader in the retail industry. The company continually expands its footprint both domestically and internationally to meet consumer needs while maintaining a strong focus on its core values.