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Costco Wholesale: Price Company
built 633 days ago
Costco Wholesale is the largest wholesale club operator in the US (ahead of Wal-Mart's SAM'S CLUB). The company operates more than 415 membership warehouse stores serving 42 million cardholders in 36 US states and Puerto Rico, Canada, Japan, South Korea, Taiwan, and the UK, primarily under the Costco Wholesale name. Stores offer discount prices on, on average, 4,000 products (many in bulk packaging), ranging from alcoholic beverages and appliances to fresh food, pharmaceuticals, and tires. Certain club memberships ... offer products and services such as car and home insurance, mortgage and real estate services, and travel packages.
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Costco Wholesale is the premier membership warehouse club. Costco'ss 48 million members enjoy low warehouse prices on thousands of high-end, brand-name products and services for their home or business at more than 470 locations worldwide. Costco is committed to offering the best value to its members with a risk-free 100% guarantee of satisfaction on every products and every membership.
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Costco Wholesale operates membership warehouses that offer a limited selection of nationally branded and selected private-label products in a wide range of merchandise categories at low prices. The company's stores average about 140,000 square feet and offer goods in a no-frills, self-service environment. Costco operates about 500 warehouses in the United States and six other countries, and has approximately 48 million total club members.
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In October 2003, Costco began construction on a 148,665-square-foot wholesale store, tire center, gas station and parking lot on the Clark County Wetlands. Initially, almost 11 acres of the Costco’s prospective building site were categorized as wetlands and therefore entitled to federal protection. According to The Columbian, a Vancouver publication, a controversial Supreme Court ruling over the prairie potholes in the Upper Midwest Cost, which stated the Clean Water Act does not apply to “isolated wetlands,” or those wetlands not connected to navigable waters, led the Corps to conclude it lacks the jurisdiction to preclude development. Under the Clean Air Act, the Army Corps of Engineers has been given the right to approve permits to fill wetlands. Based upon the aforementioned supreme court ruling, the Corps granted Costco permission to begin construction on the Clark County Wetlands site and the company began building a discount store and parking lot on top of the Clark County wetlands, which hold and filter storm water and provide a transportation corridor for some 100 species of birds, mammals and other animals. Source: The Columbian, Vancouver, WA, October 8, 2003
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Costco operates an international chain of membership warehouses, primarily under the "Costco Wholesale" name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources. The warehouses are designed to help individuals and small-to-medium-sized businesses reduce costs in purchasing for resale and for everyday business use. Customers pay an annual membership fee of $45 to shop at the stores.
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Costco is in the business of selling wholesaled goods to consumers at discounted prices over department stores. The company buys the merchandise from the manufacturer at a significantly lower price due to the volume of purchase. They then pass along the savings to the consumers who must pay a membership due(s) in order to shop from the “club”. The concept behind the business is to sell in extremely large volumes due to the low item by item margin.
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