Cover Profil Costco

Costco, a renowned name in the retail industry, has redefined the way people shop for everyday goods and more. Known for its membership-based approach, bulk purchasing, and value-driven philosophy, Costco offers a shopping experience that’s both unique and beloved by consumers.

This comprehensive article takes a deep dive into the world of Costco, exploring its history, founder, operational countries, number of stores, estimated revenue, what it’s known as by consumers, and the lasting impact it has on the retail landscape.

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The history of Costco can be traced back to 1976 when Sol Price founded the Price Club in San Diego, California. This store was designed to serve small businesses and offered them the opportunity to purchase a variety of products in bulk. In 1983, Costco Wholesale Corporation was founded by James Sinegal and Jeffrey Brotman. The company was established with a mission to provide consumers with quality products at low prices through a membership-based model.

Costco introduced a range of innovative practices in the retail sector. They popularized the concept of the members-only warehouse club, where customers paid an annual fee for the privilege of shopping in stores stocked with a wide selection of goods, including bulk items and unique products.

Here is a summary of Costco’s key milestones:

  • 1983: Jim Sinegal and Jeff Brotman found Costco Wholesale Corporation in Seattle, Washington.
  • 1985: Costco opens its first store outside of the United States in Vancouver, British Columbia.
  • 1991: Costco opens its first store in Mexico.
  • 1993: Costco and Price Club merge to form Price/Costco.
  • 1997: The company name is changed to Costco Companies, Inc.
  • 1999: The company name is changed to Costco Wholesale Corporation.
  • 2001: Costco opens its first store in Japan.
  • 2014: Costco opens its first store in the United Kingdom.
  • 2023: Costco has over 860 stores in 15 countries.


Costco was co-founded by James Sinegal and Jeffrey Brotman. James Sinegal, in particular, played a pivotal role in shaping the company’s culture and approach. His commitment to providing high-quality products at the lowest possible prices while maintaining high standards of employee compensation and satisfaction has been integral to Costco’s success.

Operational Countries

Costco has operational stores in the following countries as of October 25, 2023:

  1. Australia
  2. Canada
  3. China
  4. France
  5. Iceland
  6. Japan
  7. Korea
  8. Mexico
  9. New Zealand
  10. Puerto Rico
  11. Spain
  12. Sweden
  13. Taiwan
  14. United Kingdom
  15. United States

Costco has the largest number of stores in the United States, followed by Canada and Mexico. The company has also been expanding rapidly in Asia in recent years.

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Number of Stores

As of August 2023, Costco has 861 stores worldwide, with the following distribution by country:

  • United States: 591
  • Canada: 107
  • Mexico: 40
  • Japan: 33
  • United Kingdom: 29
  • Korea: 18
  • Taiwan: 14
  • Australia: 15
  • Spain: 4
  • France: 2
  • Iceland: 1
  • New Zealand: 1
  • Sweden: 1

Costco has been expanding rapidly in recent years, opening an average of 50 new stores per year. The company plans to continue its expansion in the coming years, with a focus on new markets in Asia and Europe.

Top Costco Stores

Estimated Revenue

Costco’s estimated revenue for 2023 is $242.29 billion, according to Macrotrends. This represents a 6.76% increase from the company’s revenue in 2022.

Costco’s revenue growth is being driven by a number of factors, including:

  • Strong consumer spending in the United States, Canada, and other countries where Costco operates.
  • The company’s focus on omnichannel retail, which allows customers to shop online or in-store.
  • Its success with its private label brands, which now account for over 25% of sales.
  • Its expansion into new markets, such as China and Taiwan.

Costco is well-positioned to continue its growth trajectory in the coming years. The company has a strong brand, a loyal customer base, and a diversified business model. Costco is also investing heavily in its digital business and its expansion into new markets.

Known as by Consumers

Consumers affectionately refer to Costco as “Costco.” The brand is recognized for its warehouse club model, offering a wide variety of products, including groceries, electronics, home goods, and more. While it may not have many informal nicknames, “Costco” is a well-established and respected name known for its commitment to value and quality.

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Costco’s journey from a single warehouse club in San Diego to a global retail powerhouse is a testament to the vision of its founders, James Sinegal and Jeffrey Brotman. The company’s commitment to providing customers with value, quality, and a unique shopping experience has solidified its position in the retail industry.

With an extensive network of stores and impressive annual revenue, Costco continues to shape the way people shop for everyday goods. Its legacy of membership-based savings, bulk purchasing, and high standards for quality and employee satisfaction ensures that Costco remains a dominant and influential player in the world of retail.