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- Stock symbol: COST (NASDAQ)
- Annual revenue (2008): $72.5 billion
- Founders: Jeffrey H. Brotman, James D. Sinegal
- Established: September 15, 1983
- Industry: Consumer-goods wholesale
- Phone: 425-313-8100
- Fax: 425-313-8114
- Headquarters: Issaquah, Washington
- President/CEO: James D. Sinegal
- Chairman: Jeffrey H. Brotman
- CFO/Executive VP: Richard A. Galanti
- Number of Employees: 75,000 http://www.portfolio.com/resources/compa...
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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.
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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.
- September 15, 1983: The first Costco wholesale store opens in Seattle, Washington.
- 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.
- 2007: Named #32 in the Fortune 500.
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Costco Questions
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Is it worth it to get a Costco card and which is better Costco or Sam's. 3 AnswersFor me the savings are more than worth it. I have a costco card and find the savings in coffee alone. I can buy 2.5 lbs of whole bean Starbucks coffee for $20... read more -
Is Costco exempt from California Business and Professions Code Section 13651? 1 AnswerThe key to answering whether or not an entity is exempt from a regulation is to check the relevant definition(s) included in the code. The entity in this regula... read more -
Have any of you received/purchased an engagement ring from Costco? Will you share your experience? 1 AnswerTo preface, I haven't bought a ring from Costco, but I have purchased and helped to purchase a few rings in the past. Costco has an excellent return policy: htt... read more -
Did anyone here receive this message from costco? What are we supposed to do? 2 Answersstanar: I did receive that e-mail a few days ago, as well, and read thru it. It had to do with the way that gasoline expands when it is kept at a warmer tempe... read more
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Costco Competitors
- BJ's Wholesale Club: Official Site | Hoovers | Wikipedia
- Sam's Club: Official Site | Wikipedia | Hoover's
- Target: Official Site | Hoovers | Wikipedia
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