Costco Wholesale is a membership-based American multinational retailer that operates an array of warehouses worldwide. The company was founded by James Sinegal and Jeffrey H. Brotman in 1983.
The business model of Costco focuses on offering a wide selection of products, including fresh produce, meat, dairy products, and dry goods at discounted prices. Members can take advantage of the "treasure hunt" shopping experience within its warehouse layout, where they may discover exclusive deals on electronics, home appliances, clothing, and other merchandise.
Costco emphasizes providing a one-stop shopping experience for its customers by offering a variety of services such as pharmacy services, optical centers, and tire centers. In addition to these amenities, members can also enjoy discounted prices at participating restaurants and hotels through the company's travel program.
The store prioritizes quality over low-cost options with many items sold under private labels such as Kirkland Signature, which provides customers with consistent quality products at lower prices.