Costco - membership-only warehouse

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Costco is an American multinational corporation that operates a chain of membership-only warehouse clubs. It was founded in 1983 by James Sinegal and Jeffrey Brotman in Seattle, Washington. Costco is one of the largest retailers in the world, known for offering bulk quantities of products at discounted prices. The company focuses on providing a wide range of merchandise, including groceries, electronics, clothing, furniture, appliances, and health and beauty products.

Costco operates on a membership model, meaning customers must purchase an annual membership to shop at its warehouses. There are two main types of memberships: Gold Star (for individuals) and Business (for business owners), both offering access to all Costco locations and online shopping. Costco also offers an Executive Membership, which provides additional benefits, such as 2% cashback on eligible purchases.

Costco’s stores are large warehouse-style facilities, designed to display and sell products in bulk. The company also operates its own private label, Kirkland Signature, which includes a wide range of products, from food items to household goods, often at lower prices than national brands. The company’s limited product selection strategy allows it to negotiate lower prices with suppliers and pass those savings on to members.

In addition to retail products, Costco provides a variety of services, including pharmacy, optical, photo printing, tire services, and travel services. Costco also sells gasoline at many of its locations and has a growing e-commerce presence, allowing members to purchase goods online for home delivery or in-store pickup.

Costco is known for its employee-centric policies, often providing higher wages and better benefits compared to competitors. It operates warehouses in several countries, including the United States, Canada, the United Kingdom, Australia, Japan, and South Korea, among others.