Costco Wiki

4307 WordsDec 5, 201218 Pages
Costco From Wikipedia, the free encyclopedia Jump to: navigation, search Not to be confused with COSCO, a Chinese shipping company. Costco Wholesale Corporation | | Type | Public | Traded as | NASDAQ: COST | Industry | Retailing | Founded | 1983 (Kirkland, Washington) | Founder(s) | James D. Sinegal Jeffrey H. Brotman | Headquarters | Issaquah, Washington, U.S. | Area served | Worldwide | Key people | Jeffrey H. Brotman (Chairman) W. Craig Jelinek (President, CEO & COO) | Products | Discount stores, Merchandise, Cash & Carry/Warehouse club | Revenue | US$ 88.915 billion (2011)[1] | Operating income | US$ 2.439 billion (2011)[1] | Net income | US$ 1.462 billion (2011)[1] | Total assets | US$…show more content…
401, located on Morena Boulevard in San Diego). In 1997, the company changed its name to Costco Wholesale and all Price Club locations were rebranded Costco.[6][11] CNBC premiered its documentary "The Costco Craze: Inside the Warehouse Giant" on April 26, 2012.[12] Costco today In the United States, the main competitors operating membership warehouses are Sam 's Club and BJ 's Wholesale Club.[13] Although Sam 's Club has more warehouses[14] than Costco, Costco has higher total sales volume.[15] Costco employs about 142,000 full and part-time employees,[7] including seasonal workers. As of September 2009, Costco had 55 million members.[16] Costco was the first company to grow from zero to $3 billion in sales in less than six years.[11] For the fiscal year ending on August 31, 2011, the company 's sales totaled $88.915 billion,[7] with $1.462 billion net profit.[17] Costco is 24th on the 2012 Fortune 500.[17] The ACSI (The American Customer Satisfaction Index) named Costco number one in the specialty retail store industry with a score of 83 in Q4 2008.[18] As of September 2010,[19][dated info] Costco 's board of directors is chaired by co-founder Jeffrey H. Brotman and includes three officers of the company: CEO/co-founder James D. Sinegal, President/COO W. Craig Jelinek, and CFO Richard A. Galanti. There are also eleven independent directors:

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