Costco Connection
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Costco headquarters in Issaquah, Washington
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| Public | |
| Traded as |
NASDAQ: COST NASDAQ-100 Component S&P 100 Component S&P 500 Component |
| Industry | Retail |
| Predecessor | Price Club |
| Founded | July 12, 1976 (as Price Club) San Diego, California, U.S. September 15, 1983 (as Costco) Seattle, Washington, U.S. |
| Founders |
James Sinegal Jeffrey Brotman |
| Headquarters | Issaquah, Washington, United States |
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Number of locations
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727 warehouses (2017) |
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Area served
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United States, Canada, Mexico, United Kingdom, Japan, South Korea, Taiwan, Australia, Spain, Iceland, France |
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Key people
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Hamilton E. James (Chairman) W. Craig Jelinek (President and CEO ) |
| Brands | Kirkland Signature |
| Services |
Merchandise Cash & Carry Warehouse club |
| Revenue |
 US$118.7 billion (2016) |
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US$3.672 billion (2016) |
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US$2.350 billion (2016) |
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| Total assets |
US$33.16 billion (2016) |
| Total equity |
US$12.07 billion (2016) |
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Number of employees
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126,000 (2016) |
| Website | www |
Costco Wholesale Corporation trading as Costco, is the largest American membership-only warehouse club. As of 2015, Costco was the second largest retailer in the world after Walmart, and as of 2016, Costco was the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine.
Costco's worldwide headquarters are in Issaquah, Washington, but the company opened its first warehouse in nearby Seattle in 1983. Through mergers, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California. As of 9 February 2017[update], Costco had a total of 729 warehouses in the United States (508), Canada (94), Mexico (37), United Kingdom (28), Japan (25), South Korea (13), Taiwan (13), Australia (8), Spain (2), Iceland (1) and one in France (1).
Costco's history began with Sol Price and his son, Robert, opening the first Price Club warehouse on July 12, 1976, on Morena Boulevard in San Diego, California, thus giving birth to a new concept: a retail warehouse club. The Price family placed Price Club Warehouse #1 inside a series of old airplane hangars previously owned by Howard Hughes; that warehouse, now known as Costco Warehouse #401, is still in operation today.
Costco opened its first warehouse in Seattle, Washington, on September 15, 1983, by James (Jim) Sinegal and Jeffrey H. Brotman ( September 27, 1942 – August 1, 2017). Sinegal had started in wholesale distribution by working for Sol Price at FedMart and Brotman, an attorney from an old Seattle retailing family, had also been involved in retail distribution from an early age.
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Wikipedia