Company Profile
Costco Wholesale Corporation. Basic Information, Manufacturing Base, Sales Area, and Competitors
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Sr. No. |
Item |
Description |
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1 |
Company Name |
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|
2 |
Website |
www.costco.com |
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3 |
Established Date |
1976 |
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4 |
Headquartered |
United States |
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5 |
Market Position/ History |
The company's first location, opened in 1976 under the Price Club name, was in a converted airplane hangar on Morena Boulevard in San Diego. Originally serving only small businesses, the company found it could achieve far greater buying clout by also serving a selected audience of non-business members. With that change, the growth of the warehouse club industry was off and running. In 1983, the first Costco warehouse location was opened in Seattle. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales. |
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6 |
Sales Area |
United States, Canada, and Other Internationa |
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7 |
Ticker |
NASDAQ: COST |
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8 |
No. of Employees |
333,000 employees (As of year ended December 2024) |
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9 |
Competitors |
Walmart Inc. Target Corporation ALDI Inc. Meijer, Inc. Albertsons Companies |
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10 |
CEO |
Ron M. Vachris |
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11 |
Ownership Type |
Public |
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12 |
Contact Information |
999 Lake Drive Issaquah, WA 98027 Tel: (425) 313 8100 |
Business Segment/ Overview:
Costco Wholesale Corporation. is principally engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, Mexico, Japan, the United Kingdom (U.K.), Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. Costco operated 890, 861, and 838 warehouses worldwide at September 1, 2024, September 3, 2023, and August 28, 2022. The Company operates e-commerce sites in the U.S., Canada, Mexico, the U.K., Korea, Taiwan, Japan, and Australia. The company buys most of its merchandise directly from suppliers and route it to cross-docking consolidation points (depots) or directly to its warehouses. The company’s depots receive large shipments from suppliers and quickly ship these goods to warehouses. This process creates freight volume and handling efficiencies, lowering costs associated with traditional multiple-step distribution channels. Costco’s e-commerce operations ship merchandise through our depots and logistics operations, as well as through drop-ship and other delivery arrangements with its suppliers.
The company’s average warehouse space is approximately 147,000 square feet, with newer units being slightly larger. Floor plans are designed for economy and efficiency in the use of selling space, the handling of merchandise, and the control of inventory. Because shoppers are attracted principally by the quality of merchandise and low prices, their warehouses are not elaborate. By strictly controlling the entrances and exits and using a membership format, the company believes its inventory losses (shrinkage) are well below those of typical retail operations.
Costco Wholesale Corporation. has following brand portfolio:
- agio
- Authorized Reseller
- CLOROX
- Shark
- General Mills
- Grand Leisure
- HELLMANN’S
- Ranch
- Hunter
- KIRKLAND Signature
- KitechenAid
- The Bold Look of KOHLER
- LG
- Midea
- Outdura
- Roland
- SMASUNG
- Silk
- Sunbrella
- Vitamix
Financials
Costco Wholesale Corporation. Revenue (USD Billion), and Market Share (%) (2019-2023)
|
Value |
2019 |
2020 |
2021 |
2022 |
2023 |
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Revenue |
234.21 |
188.55 |
215.24 |
231.55 |
249.25 |
Costco Wholesale Corporation. Revenue Market Share (%) (2019-2023)
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Costco Wholesale Corporation. Revenue Market Share (%) (2019-2023) |
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Source: Secondary Research, Interviews, and Expert Analysis |
Costco Wholesale Corporation. Net Sales, By Region (2023-2024)
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Costco Wholesale Corporation. Net Sales, By Region (2023-2024) |
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