Company Overview

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Founded:
September 15, 1983
Founders:
Jeffrey H. Brotman, James D. Sinegal
Employees:
174,000
Headquarters:
Issaquah, WA
IPO:
Went Public on Dec 5, 1985
Stock:
COST
Categories:
Retail, None
Description:
Costco is a membership-only warehouse club that provides a wide selection of merchandise.

Detailed Description

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Costco is a membership warehouse club, dedicated to bringing their members the best possible prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one.

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.

Current Team (28)

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Past Team (23)

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Board Members and Advisors (9)

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Offices/Locations (1)

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  • Headquarters

    999 Lake Drive

    Issaquah, WA 98027

    USA

News (1)

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Images (1)

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