A multibillion dollar corporation, Costco has warehouse club operations in 8 countries through which it serves its customers by bringing the best possible prices on quality brand-name merchandise.
In 1983, its first warehouse location was opened in Seattle. It has marked its presence by becoming the first company ever to grow from sales of zero to $3 billion in a period of less than 6 years, also Price Club was the world’s first membership warehouse club.
This gave its members access to unmatched savings which they had never experienced before. This feat of Costco Wholesale has continued henceforth. Costco’s success is due to its commitment to quality, Entrepreneurial spirit and Employee focus For Costco, and its strengths primarily are strong member renewals, its treasure Hunt atmosphere, nimbleness and absolute pricing authority. Costco's warehouses have the widest and most exclusive product category selections. Costco Stores offer discount prices on about 4,000 products that the company deals in (many in bulk packaging. The Members also have the option to shop for its private label Kirkland Signature products, which are of superior quality than the national brands.
With majority of stores in United States and Canada, the company has a total of 698 warehouses. It recently launched its stores in Taiwan and Korea. It also has around 83 million cardholders worldwide which is equivalent to 45 million households. The company also boasts of more than 2.45 million transactions on a single day. It has also been ranked 18 among the Fortune 500 companies worldwide. They have recently been recognized by Washington CEO Magazine among top three companies for their work environment.