A Comparison of Costco to Sam 2

Topics: Costco, Sam's Club, Warehouse club Pages: 3 (716 words) Published: January 28, 2015
A Comparison of Costco to Sam's Club
The purpose of my presentation is to compare Costco to Sam's Club, and compare statistics that indicate that as a potential employee, it is better to work at Costco, and not at Sam's Club. So far I have found information on the background and comparative statistics of the two companies, and all I have left to do is to revise my report and write the citations. Sam’s club is an American chain of membership-only retail warehouse clubs owned and operated by Walmart, founded on April 7, 1983 in Midwest City, Oklahoma, and named after Walmart founder Sam Walton. Sam’s club serves about 50 million U.S., and Puerto Rican members and is the 8th largest U.S. retailer. (Wikipedia) Despite the fact that Sam’s has more retail locations, Sam’s club ranks second in sales revenue among warehouse clubs with 57 billion in sales behind Costco. In 2012, Sam’s club operated 640 membership warehouse clubs, with the majority in the U.S., but also in Brazil, China and Mexico. Costco's co-founder and chief executive officer, Jim Sinegal, is the son of a coal miner and steelworker.In 1954,when he was 18 years old,a friend asked him to help unload mattresses for the store called Fed-Mart.That one-day job turned into a career.He become a protege of Fed-Mart's chairman, Sol Price, and soon rose to executive vice-president for merchandising.Mr.Price invented the idea of high-volume warehouse stores that sell a limited number of products.Sol Price later sold Fed-Mart to a German retailer in 1975,and then Mr.Sinegal left and helped Mr.Price start a new warehouse company,Price Club.In September 1983,a Seattle entrepreneur,Jeffrey Brotman,helped Mr.Sinegal create Costco Wholesale Corporations.The company began with a single store in Issaquah,outside of Seatte, and by 2005 it had a total of 460 warehouses in many different countries. Costco Wholesale Corporation operates a chain of membership warehouses that sell a wide variety of name-brand products, as...
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