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Costco Wholesale Corporation is a member club of the American repository only provides a wide selection of goods. It is currently the only member of the largest warehouse club in the United States and, as in 2017, the second largest retailer in the world
Worldwide headquarters are in Costco Issaquah. The company opened its first warehouse in 2017 in Seattle. Through the merger, the company's history dates back a total of Costco in 1976, when its former competitor prices Club was founded in San Diego, California
Costco focuses on selling products at low prices, often at very high volume. These goods are usually packed bulk and marketed primarily for large families and businesses. Moreover, Costco does not carry multiple brands or varieties where the position is basically the same, unless it has a brand homes for sale, generally by Kirkland Signature label. This led to a large amount of revenue from a vendor, enabling further discount, and reduce marketing costs. A typical Costco warehouse only 3,700 different products, while a typical Walmart supermarket carries about 140,000 products.
Costco opened the first warehouse in Seattle, Washington, to James (Jim) H. Jeffrey Brotman and Sinegal Sinegal began wholesale distribution by working for FedMart price and Price Club and Brotman, a lawyer from a family former Seattle retailer, has also been engaged in the retail distribution very soon.
As of July 1, 2016, has a total of 705 Costco warehouses, spread throughout the United States (493), Canada (90), Mexico, Japan (25), Korea (12), Taiwan (12 ), Australia
In 1993, Costco and Price Club agreed to merge operations after the price itself has rejected an offer from Sam Walton and Walmart to merge with Price Club warehouse stores of them, Sam's Club. business model and size is similar to Costco's prices Club, made the merger makes more sense for both companies. The combined company took the name PriceCostco, and its members have become universal, which means a Price Club members can use their membership to shop at Costco and vice versa. Boasting 206 locations PriceCostco generate $ 16 billion in annual revenue nitially by executives of both companies, but then you left the company early price in 1994 to form the corporate value not related to current Costco
Compared to the reputation of Walmart for "low cost" and the goal of selling "cheap chic", Costco is known for offering low prices, limited-choice "Retail treasure hunt" in which "shopping cart rows of a person can have a $ 50,000 diamond ring was placed on a 64-ounce barrel of mayonnaise as of 2016, Costco is the world's no. 1 retailer of choice and meat prime beef, organic food, rotisserie chicken,