Top 10 Retail Companies in the World 2018

Posted in Top Brand Lists, Total Reads: 2085

6. Costco

COSTCO is an American multinational corporation and it is headquartered in Issaquah, Washington.

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In the year 2015, COSTCO was considered to be as world’s second largest retailer after Walmart & in the year 2016, it became world’s largest retailer of prime beef, organic food, wine and chicken. COSTCO opened its first warehouse in 1983 nearby Seattle and has since then grown with many more stores.

The company has 750 warehouses in countries like US, Canada, Mexico, Japan, France, Australia, UK, Spain, Iceland etc. Costco’s history began with Sol Price, when he opened the first Price Club Warehouse in California in the year 1976, thus giving rise to the concept of retail warehousing. Costco employ more than 200,000 employees worldwide and has more than 90.3 million members worldwide in the year 2017. Costco involve in selling products at very low price. Often the products are sold in high volume catering to the needs of large families and businesses. It sells product under the Kirkland Signature label and a typical COSTCO warehouse carries 4,000 distinct products. This helps them in a high volume of sales and allows further reduction in prices due to low marketing costs. Costco has its largest warehouse located in Salt Lake City which of around 235,000 square feet and has highest volume store located in Seoul, South Korea. The company was able to generate sales of around $121 Billion with an overall profit of $2.4 billion in the year 2017.

Sales (Billion): $121.00

Profit (Billion): $2.40

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