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Costco Wholesale

2025-02-12

Costco Wholesale is a multinational American retailer that operates as an international warehouse club with its headquarters located outside of Seattle, Washington. It was founded in 1983 by James Sinegal and Jeffrey H. Brotman. The store offers a wide range of products including fresh produce, meat, bakery goods, dairy products, household items, electronics, clothing, home appliances, jewelry, furniture, and sporting equipment.

Costco is known for providing high-quality products at discounted prices to its members, who pay an annual fee to shop at the warehouse club. Its business model is based on offering a limited selection of products in large quantities, which reduces overhead costs and allows it to pass the savings on to customers.

The store has a private-label brand called Kirkland Signature, which accounts for about 20% of its sales. The brand offers affordable and high-quality alternatives to name-brand products across various categories. Costco also provides services like pharmacy, optical center, tire center, and photo processing.

In addition to the warehouse club model, Costco operates an e-commerce platform that allows customers to shop online and have their purchases shipped to their homes or available for pickup at the store.

Costco has over 750 warehouses worldwide, employing more than 280,000 people globally. It is one of the largest retailers in the world by revenue.

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