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Here Are The Articles That Tell The Whole Costco Story

October 9, 2019 579 views

A Collection of Resources To Tell The Story of Costco

This post contains articles that tell the complete story of Costco, but first, a few brief interesting points to look at.

The concept of a membership warehouse club was drawn on a napkin by Sol Price. Proof that this was a great idea shows whenever you shop at Costco on a Saturday. It’s like shopping Armageddon. I think to myself what’s happening? Is there a hurricane coming I’m not aware of? The amount of people shopping there is mind-boggling.

It all began in Seattle Washington in the year 1983 when Costco was established. Ten years later Costco and Price Club, which pioneered the idea of Big-box retail, joined forces and formed a Delaware Corporation named Price/Costco, Inc. Later to change the name to Costco Companies Inc. and again to Costco Wholesale Corporation, which is now a public company and its common stock is traded on the NASDAQ.

Costco is a retail environment mixed with a warehouse layout of skids loaded with products, strategically placed for shoppers to purchase more products than they intended.

The company is focused on price without sacrificing quality. Products are purchased and sold in bulk and the savings are passed on to the customers.

There are a lot of interesting facts about Costco, here are just a few:

  • Costco sells around $4.5 billion worth of meat every year, close to $4 billion worth of produce, and around 37 million chickens a year.
  • The way Costco displays their inventory is having frequently purchased items near the back of the store. This is a good strategy that exposes shoppers to more products and as you’re going to the end of the store there are always a few extra items you’ll pick up. The layout is called “The Race Track.”
  • Costco has 62.6 million cardholders. Multiply that by at least $60 and the yearly income is in the billions.
  • The number of employees worldwide is close to 155,000 between full and part-time positions.
  • Warehouse Sizes vary from 73,000 to 205,000 square feet.
  • You’ll find a lot more facts in the facts section to follow.

For the complete story of Costco, including its history, company facts, financial information, employee relations, and it’s main successes and failures have a look at the articles I have selected for this post, organized in sections for your convenience.

History

About | Costco

Costco | History & Facts | Britannica.com

Costco – Wikipedia

The History of Costco – A Timeline – Costco – Business Report

What Costco looked like when it first opened in 1983: photos – Business Insider

Costco Wholesale Corporation – Company Profile, Information, Business Description, History, Background Information on Costco Wholesale Corporation

Founders

James Sinegal – Wikipedia

Quotes from Costco Founder James Sinegal

Jeffrey Brotman – Wikipedia

Jeff Brotman, Co-Founder Of Costco, Passes Away Unexpectedly At 74

Executives

EXECUTIVE OFFICERS | Costco Wholesale Corporation

COSTCO WHOLESALE CORP Executive Salaries & Other Compensation | Salary.com

Mission Statement

Sustainability | Costco

The Costco Mission Statement is the Heart of its Culture

Divisions and Subsidiaries

Subsidiaries of the Company

Costco Wholesale’s Organizational Structure Analysis – Panmore Institute

Ownership and Investors

The Top 5 Costco Shareholders (COST)

COST – Costco Wholesale Corp Shareholders – CNNMoney.com

Facts

11 Things You Didn’t Know About Costco | HuffPost Canada

10 Fascinating Facts About Costco – Neatorama

11 Things You Didn’t Know About Costco | HuffPost Canada

14 Things You Might Not Know About Costco | Mental Floss

20 Costco Facts That Shoppers May Not Know | Cheapism.com

11 little-known facts about Costco – Business Insider

Interesting Facts About Costco – Trivia Facts About Costco

16 Things You Don’t Know About Costco | Eat This Not That

Financial Statements

INVESTOR RELATIONS OVERVIEW | Costco Wholesale Corporation

COST.O – Costco Wholesale Corporation Profile | Reuters

Costco Wholesale | Fortune

Business Strategies

Business Strategy Lessons From Costco Business Model – FourWeekMBA

Costco’s Simple Strategy – Business Insider

Costco – 1 What is Costco’s business model Is the company’s business model appealing Why or why not Costcos business model is to generate high sales

Hooked: How Costco turns customers into fanatics

Costco Business Strategy | Bartleby

How Costco thrives in the Amazon era – CNN

Costco’s Winning Business Model Strategy – The Talkative Man

Revenue Strategies

How Does Costco Make Money?

How Costco Wholesale Corporation Makes Most of Its Money | The Motley Fool

How Does Costco Make Money? | Nasdaq

Competitors

Top 10 Costco Competitors in Retail – Costco Competition Analysis

Who Are Costco’s Main Competitors?

Marketing Strategies

Costco Wholesale’s Marketing Mix (4Ps) Analysis – Panmore Institute

Marketing: The Costco Strategy – 1218 Words | Bartleby

Costco Marketing Mix (4Ps) Strategy | MBA Skool-Study.Learn.Share.

7 Marketing Lessons You Can Learn from Costco — and How You Can Use Them to Drive Loyalty and Sales – Payment Depot

Products & Services

Costco Services for Members | Costco

8 hidden benefits to your Costco membership

Employee Relations

COSTCO: How They View and Treat Their Employees Is a Highly Profitable Differentiator – IRIS

Costco jobs come with a number of perks, according to employees – Business Insider

Costco Employees Reveal What It’s Really Like to Work at the Big Box Store

Costco to Raises Wages for 130,000 Employees | Fortune

6 Reasons Costco Wholesale Is the Best Retailer to Work For | The Motley Fool

Company Culture

Costco Wholesale’s Organizational Culture Characteristics – Panmore Institute

Why Culture Makes Costco America’s Best Employer

How Costco’s obsession with culture drove success | MIT Sloan

Costco Was Awarded Best Company Culture Based On Employee Ratings – Comparably Best Company To Work For 2018

Reputation

Costco Reputation | Comparably

3 Factors That Make Costco America’s Best Employer

Complaints

Costco Must Face Membership Refunds Class Action Lawsuit | Top Class Actions

RM LAW Announces Class Action Lawsuit Against Costco Wholesale Corporation

Fox v. Costco Wholesale Corporation – CourtListener.com

Costco Settles Consumer Class Action Suit: Advertising law Blog

Costco Employee Lawsuit (2019) | Join a Costco Employee Class Action

The Latest On The Web About Costco complaints and lawsuits

Failures

Costco to pay millions for pharmacy failures – Times-Herald

Bloomberg – Are you a robot?

4 Problems With Costco’s Business Model (COST)

Costco: Test Failed? – Barron’s

Costco’s Biggest Mistake in 2016 So Far | The Motley Fool

Inside The Success of Costco

What Makes Costco Successful? | The Motley Fool

8 Tips for Business Success from Costco’s Jim Sinegal

Costco’s Kirkland Signature brand drives success – Business Insider

The secret weapon behind Costco’s success

The secret to Costco’s success lies in supply chain efficiency | Canadian Grocer

Books

Books From Amazon Related To Costco

Google Book Search Related To Costco

The Latest About Costco

Google Searches

Latest Search Results Related To Costco

Latest Scholar Search Results Related To Costco

Latest Image Search Results Related to Costco

News

Latest News Related To Costco

Twitter

Tweets Related To Costco

YouTube

Videos Related To Costco