Costco
Costco Wholesale Corporation (commonly shortened to Costco) is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. As of 2023, Costco is the third-largest retailer in the world and is the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. Costco is ranked #11 on the Fortune 500 rankings of the largest United States corporations by total revenue. Costco uses a club warehouse wholesale retailer channel of distribution while also selling their private label brand directly to consumers.
Logo since 1997 | |
Headquarters in Issaquah, Washington | |
| Company type | Public |
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Traded as |
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| Industry | Retail |
| Founded | September 15, 1983 (as Costco) Seattle, Washington, U.S. |
| Founders | |
| Headquarters | , U.S. |
Number of locations | 861 (2023) |
Area served |
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Key people |
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| Brands | Kirkland Signature |
| Services |
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| Revenue | US$242.3 billion (2023) |
| US$8.114 billion (2023) | |
Net income | US$6.292 billion (2023) |
| Total assets | US$68.99 billion (2023) |
| Total equity | US$25.06 billion (2023) |
| Members | 127.9 million (2023) |
Number of employees | 316,000 (2023) |
| Website | costco.com |
Costco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signature house label bears the name of its former location in Kirkland. The company opened its first warehouse (the chain's term for its retail outlets) in Seattle in 1983. Through mergers, however, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California. As of February 2024, Costco has 871 warehouses worldwide: 602 in the United States, 108 in Canada, 40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in South Korea, 15 in Australia, 14 in Taiwan, six in China, four in Spain, two in France, and one each in Iceland, New Zealand, and Sweden.