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
Costco | History & Facts | Britannica.com
The History of Costco – A Timeline – Costco – Business Report
What Costco looked like when it first opened in 1983: photos – Business Insider
Founders
Quotes from Costco Founder James Sinegal
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
The Costco Mission Statement is the Heart of its Culture
Divisions and Subsidiaries
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
Business Strategies
Business Strategy Lessons From Costco Business Model – FourWeekMBA
Costco’s Simple Strategy – Business Insider
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 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.
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
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
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
