Here Are The Articles That Tell The Whole Costco Story

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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. You know it’s a good idea if you’ve gone shopping at Costco on a Saturday. It’s like shopping Aramagendea. 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 blogging.

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 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 product and as you’re going to the end of the store there is always a few extra items you’ll pick up. The layout is called “The Race Track”
  • There are 82 locations in nine Canadian provinces
  • 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 success and failures have a look at the resources I have selected for this post, organized in sections for your convenience.
  • For the complete story, successes, and failures, of Costco, have a look at the resources I have included in this post to give you an overview of what this company is all about.

Sections Included in this Post:

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The History of Costco

A company’s history offers valuable lessons and it’s interesting to find out about a company’s original operations, how it has changed, and the challenges during the startup phase.

Have a look at the selection below to understand more about the history of Costco.

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

Costco Founders

This section focuses on the people that started the company. You can gain insights into their goals, ideas, foresight, and how they started the company. Many founders have interesting stories and experiences related to starting their business and the challenges they faced, as well as what they did to overcome those challenges.

Have a look at the following resources included in this post related to the founders.

James Sinegal – Wikipedia

Quotes from Costco Founder James Sinegal

Jeffrey Brotman – Wikipedia

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

Costco Executives

In the executive section, you’ll find information related to the management of a company. Management decisions are an important role in a company’s success. It’s not luck that makes a company successful, but planning, strategy, and leadership.

Have a look at the selection below for information related to the executives of Costco.

EXECUTIVE OFFICERS | Costco Wholesale Corporation

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

The Costco Mission Statement

A mission statement helps a company stay on track and focus on its goals, culture, and ensures everyone is on the same page.

A mission statement is for company employees as well as the public. It’s usually a broad description of the company’s focus and activities.

A company’s mission statement is the company’s public face, and it is commonly used in marketing materials.

Below are the resources I have included related to the mission statement of Costco.

Sustainability | Costco

The Costco Mission Statement is the Heart of its Culture

Costco Divisions And Subsidiaries

The division of a company is a part of a business entity. In other words, even if a division operates under a different name it’s still part of the entity.

A subsidiary is an entirely different company, usually owned by a larger company.

Have a look at the resources for Costco subsidiaries and Divisions.

Subsidiaries of the Company

Costco Wholesale’s Organizational Structure Analysis – Panmore Institute

Costco Ownership And Investors

In this section, you’ll find resources related to ownership, investors, and shares, of Costco. Below you’ll find the resources I have included for this post.

The Top 5 Costco Shareholders (COST)

COST – Costco Wholesale Corp Shareholders – CNNMoney.com

Facts About Costco

In this section, you’ll find facts about the company. I like going through the facts because in a page or two you can learn a lot about the company and if you find something that’s really interesting you can dig deeper.

Have a look at the resources below included in this post related to Costco 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

Costco Reports And Financial Statements

In this section, you can find out information such as the company’s profits, losses, net worth, liabilities, shares, owner’s equity, etc. that is available to the general public.

Have a look at the resources included below.

INVESTOR RELATIONS OVERVIEW | Costco Wholesale Corporation

COST.O – Costco Wholesale Corporation Profile | Reuters

FISCAL YEAR ENDED SEPTEMBER 2, 2018

Costco Wholesale | Fortune

Business Strategies Used By Costco

In this section, can get a glimpse of the strategist used by the company. The strategy a company uses can be the difference between success, failure, a mediocre business, or a huge success story.

Below you’ll see the resources included related to business strategies used by Costco

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

This section focuses on the main revenue sources the company targets. For some companies it’s one main source for others it’s multiple sources of revenue.

Have a look at the resources to follow to give you an overview of the revenue strategies used by Costco.

How Does Costco Make Money?

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

How Does Costco Make Money? | Nasdaq

The Main Competitors of Costco

This section focuses on direct and indirect competition for Costco. Competition is good, it drives innovation. If it wasn’t for competition businesses wouldn’t have to try so hard for your business. Competition makes managers and company owners come up with better ideas for products and services while providing the best prices they can.

Below you can browse through the resources related to the main competition for Costco.

Top 10 Costco Competitors in Retail – Costco Competition Analysis

Who Are Costco’s Main Competitors?

Target Market & Marketing Strategies

This section focuses on the target market and the marketing strategies used. Just as above targeting is an important process and without it your focus will be too broad and you won’t be able to zero in on the right marketing techniques.

The marketing strategy used by a company can make or break it. The right strategy can make millions while a poor marketing strategy can end up in bankruptcy.

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 Offered By Costco

This section offer resources related to core products and services offered by Costco. Many large corporations have a large variety of products and services. Some companies are so large and complex that they deal in a variety of industries that operate on a global level, which is known as conglomerates.

Have a look at the resources below for products and services offered by Costco.

Costco Services for Members | Costco

8 hidden benefits to your Costco membership

Costco Employee Relations

In this section, you can find resources related to the employees of Costco such as job satisfaction, labor relations, the number of employees, etc.

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

Costco Company Culture

Here’s where you can gain an idea about the culture of the company. A Company’s culture includes the work environment, company values, expectations, ethics, and more.

See the resources included in this post for the culture of Costco

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

The Reputation of Costco

In the resources below, you’ll find information related to the reputation of Costco. You’ll get insights as to how Costco is viewed by the general public.

A companies reputation is important a bad reputation can result in huge losses and the loss of public trust. A company’s reputation is an asset to any company and it’s important to maintain it.

Costco Reputation | Comparably

Solved: In 2010, Costco’s Reputation For Rock-bottom Pricing

3 Factors That Make Costco America’s Best Employer

Costco Company Complaints

In this section, you can go through the resources to view the complaints, whether the complaints lead to a lawsuit or a viral rant, have a look at the complaints people have against Costco.

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

Costco Failures

Companies go through many phases, some are successful and some are miserable failures. Even though a company has failures, it’s a learning experience for management as well as other people.

Below are the resources I have included for this post related to Costco’s 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

Success can be the result of a small idea that was executed extremely well at other times it may be the result of a long term vision.

It’s interesting to study the success of companies and how people have dealt with managing a company that started off small and grew into a huge success story.

Have a look at the resources I have included in this post related to 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 Related to Costco

Some companies are a huge success story or a miserable failure, with many lessons to learn. Have a look at books people have written for a complete overview.

Have a look at the links below to view the books available related to Costco

Books From Amazon Related To Costco

Google Book Search Related To Costco

The Latest About Costco

In this section, you’ll be able to stay up to date on the latest information related to Costco including the latest news, Google searches, videos, what people are tweeting, and more.

I recommend spending some time on the news, tweets, that can offer up-to-the-minute information 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