Costco Wholesale

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Costco Wholesale

logo
legal form Corporation
ISIN US22160K1051
founding 1983
Seat Issaquah , United StatesUnited StatesUnited States 
management Hamilton E. James (Chairman)
W. Craig Jelinek ( CEO )
Number of employees 254,000 ( FY 2019)
sales $ 152.7 billion ( FY 2019)
Branch Wholesale
Website www.costco.com
As of September 1, 2019

The Costco Wholesale Corporation is a US-based wholesale chain headquartered in Issaquah in Seattle , State of Washington . The company is listed in the S&P 500 stock index and in the NASDAQ-100 .

marketing

Costco offers around 3300 products and 500 special items in 698 stores in the USA, Australia, Canada, Mexico, the United Kingdom, South Korea, Japan, Iceland, Spain, France and Taiwan. The aim is to achieve a large turnover of goods at prices below those of other providers. In the USA, sales with the own brand Kirkland account for around 26% of group sales.

Costco acts as a club to which customers pay membership fees annually. In the USA, these amount to 60 to 140 US dollars per year and in France, for example, 36 euros net (plus VAT).

The average shopping basket value in France is € 130 on weekdays and € 160 on weekends.

The share of sales of food in France is 70% compared to 30% non-food. In other countries this proportion changes to 55% to 45% after three to five years.

In France, out of 800 suppliers, almost 400 are local suppliers.

Key figures

Business and employee development (respective fiscal year)
GJ Employees Sales
in US $ million 		Balance sheet profit
in million US $ 		Equity
in US $ million
2005 118,000 52,952 1,063 16,665
2006 127,000 60.151 1.103 17,495
2007 127,000 64,401 1,083 19,607
2008 137,000 72,483 1,283 20,682
2009 142,000 71,422 1,086 21,979
2010 147,000 77,946 1,303 23,815
2011 164,000 88,915 1,462 26,761
2012 174,000 99,137 1,709 27,140
2013 184,000 105.156 2,039 30,283
2014 195,000 112,640 2,058 33,024
2015 205,000 116.199 2,377 33,017
2016 218,000 118.719 2,350 33.163
2017 231,000 129.025 2,679 36,347
2018 245,000 141,576 3.134 40,830
2019 254,000 152,703 3,659 45,400

Company history

The company was founded on September 15, 1983 with the opening of the first Seattle pick-up store by James Sinegal and Jeffrey Brotman .

In 1993 Costco merged with competitor Sol Price .

Trivia

The American comedy The Watch - Neighbors of the 3rd Kind with Ben Stiller (as Costco branch manager) is partly set in a Costco branch.

Web links

Commons : Costco  - collection of images, videos, and audio files

Individual evidence

  1. ↑ a b Annual Report 2019. Accessed April 20, 2020 (American English).
  2. ^ Costco celebrates first anniversary in France . In: german-retail-blog.com . ( german-retail-blog.com [accessed on July 31, 2018]).