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COSTCO WHOLESALE CORPORATION – Promising unmatched savings
Not only the largest membership – only warehouse club in America, it ranks second in the list of the largest retailers in the world, second only to Walmart. Costco Wholesale Corp has its warehouses spread right from America to continents across the globe.
With 205,000 employees and a whopping 85 million members, it has made records by starting from the scratch and reaching a sales of $3 billion in less than six years. That is not all, The American Customer Satisfaction Index (TheASCI) has awarded Costco a score of 84 (in 2014) taking it to the number one rank in the specialty retail store industry.
Promising quality and value for money where their products are concerned and a refund if they are not able to perform to fulfill their promise,
They offer three types of membership:
- Executive Membership that has a $110 membership fee annually that comes with a free Household card and has maximum benefits like 2% reward points, additional discounts and benefits on travel products.
- Business Membership can be purchased with an annual membership of $ 55 (plus taxes). Affiliate membership can be purchased at $ 55 per member and apart from the free Household card it also allows for purchase for resale.
- Gold Star Membership has an annual membership of $ 55 (plus taxes) and provides a free Household card.
A changing inventory is what Costa is known for as they tend to have seasonal products which are offered for a limited period of time. Costa’s choice of products on offer began with only boxed products due either ease of handling, but with time it has vastly expanded its range of products from art and craft materials, books, clothes, electronic appliances, software right to food items and fine wine.
Their own label
A private label, “Kirkland Signature” was launched in 1992 and it is available not only in the company’s own website and warehouses but also on Amazon.com. It is trademarked by the company.
Aug 2018 saw Costco Wholesale Corp bringing in a revenue of $ 118 million and the gross profit of $ 15 million and the net income of $ 2.35 million.
Costco Wholesale Corp has come up on the Forbes list more than just once and here is a list:
#192 Global 2000
#37 in Sales
#264 in Profit
#750 in Assets
#123 in Market value
#18 Fortune 500 (2015)
It all began….
An airplane hangar in Morena Boulevard (San Diego) was converted to a warehouse to serve small businesses and that is how the multi million dollar global giant was born on 12 July, 1976 and the name was Price Club Warehouse after the founder Sol Price and son Robert Price.
1983, 15 September, Costco’s first warehouse in Seattle, Washington.
1993 and the merger of Costco and Price Club.
Where to find them?
Let’s take a look at the spread:
- United States (including Puerto Rico) – 506 warehouses across 44 states.
- Canada – 94 warehouses spread through 9 provinces.
- Mexico – 36 in 18 states.
- United Kingdom – 28 warehouses in three nations.
- Japan – 25
- South Korea – 12
- Taiwan – 12
- Australia – 8
- Spain – 2
- Lebanon – 2
Stock markets and investments
December 5, 1985 saw the company going public with a $ 10.00 face value and today it trades at $159.73. It flaunts an EPS (Earning per share) of $ 5.49 while the annualized dividend stands at $ 1.80 and dividend yield of 1.12%. It holds a market capital $ 70,159,860,147 and is traded on Nasdaq. The strong fundamentals of the company makes is a good stock for medium term investment as well as short term profits.
Additionally, it also has a 71.71% institutional holdings, which amounts to $ 50,433,708,553 for over 314 million shares. The top five institutional holders are Vanguard Group Inc, Wellington Management Group LLP, State Street Corp, Fmr LLC, Blackrock Institutional Trust Company.
Costco Properties For Sale Across the United States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming