Costco

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  • Costco is a chain of wholesale clubs based in the United States that has the highest sales volume in the world. It operates more than 500 warehouse stores and serves more than 47 million cardholders. Its chief competitor is currently the Sam's Club chain owned by Wal-Mart.
  • Fast Facts

    1. Stock symbol: COST (NASDAQ)
    2. Annual revenue (2008): $72.5 billion
    3. Founders: Jeffrey H. Brotman, James D. Sinegal
    4. Established: September 15, 1983
    5. Industry: Consumer-goods wholesale
    6. Phone: 425-313-8100
    7. Fax: 425-313-8114
    8. Headquarters: Issaquah, Washington
    9. President/CEO: James D. Sinegal
    10. Chairman: Jeffrey H. Brotman
    11. CFO/Executive VP: Richard A. Galanti
    12. Number of Employees: 75,000 http://www.portfolio.com/resources/compa...
  • Key Dates

    • 1976: Sol Price and his son Robert start the Price Company, which opens the first wholesale club, Price Club.
    • 1983: Competitors such as Sam's Club and PACE mimic the Price Club model.
    • 1983: Costco is founded by Jeffrey H. Brotman. James D. Sinegal follows the Price Club model as well.
    • 1993: Operates 103 stores, ranking third in the industry.
    • 1993: Engages in a partial merger with the Price Company to form PriceCostco, in the face of competition from Wal-Mart's Sam's club.
    • 1997: PriceCostco changes its name to Costco Wholesale.

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