Costco Essay

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Company Case: Costco Wholesale Corporation The price of food has skyrocket in the last couple of years. People are looking to save money and have resulted in buying in bulk products. Although there are a lot of Wholesale Corporation, we chose Costco because this is where we shop and found them to be cheaper than the other Wholesale Corporation. Costco began operations in 1983 in Washington, US. In the same year, the company merged with the Price Company, a US based retailer, to form Price/Costco, a Delaware company. A year later,the company started its first Asian operation in Seoul, Korea. Costco also established its first hearing aid center in 1994. During the same year, the company spun off Price Enterprises. The company opened its 200th warehouse in Wenatchee, Washington in 1995. In the same year,Costco launched its first private label brand, Kirkland signature. During the same period, Costco started its first gas station in Tucson, Arizona. In 1997, the company spun-off most of its non-warehouse assets to Price Enterprises and officially changed its name to Costco Companies. In the same year, the company started its operations in Taiwan. Costco is a US-based company that operates membership warehouses across several countries to including US, Canada, Mexico, Puerto Rico, the UK, Korea, Taiwan, Japan, and Australia. Costco offers nationally branded as well as private label products in a wide range of product lines at low prices. The company offers products under six categories: sundries, hardlines, food, softlines, fresh food, and ancillary and other. Ancillary and other services include food court, one-hour photo centers, optical dispensing centers, pharmacies, gas stations, hearing-aid centers,print shops and copy centers, and car washes. At the end of FY2011, Costco

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