Preview

Costco

Satisfactory Essays
Open Document
Open Document
333 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Costco
Costco Wholesale Corporation Costco is open to the public and also features privately owned brands like Kirkland signature. Costco Wholesale Corporation is a membership-only warehouse club and is the second largest retailer in the United States, the seventh largest retailer in the world and the largest membership warehouse club chain in the United States. Costco employs 126,929 full and part-time workers in the United States, and 185,207 full and part-time employees worldwide. Costco offers lower prices and better values buying in bulk from wholesalers. At the Costco I work at, we run a tight operation with extremely low overhead which enables us to pass on savings to our members. Coupons are a huge part of our sales, as pamphlet books are mailed to our member’s households every other week. Costco's warehouse is one of the largest and most select product category selections to be found under a single roof. Categories include groceries, candy, appliances, television and media, automotive supplies, tires, toys, hardware, sporting goods, jewelry, watches, cameras, books, housewares, apparel, health and beauty aids, tobacco, furniture, office supplies and office equipment. Costco is known for carrying top quality national and regional brands, with 100% satisfaction guaranteed, at prices consistently below other wholesale or retail outlets. Costco’s main competitor is Sam’s Club and any other wholesale retailers, grocery stores, or supermarkets. There are currently 71.2 million cardholders in the world and of these cardholders there are 39.0 million households who own a membership. The warehouses are designed to help small-to-medium-sized businesses reduce costs in purchasing for resale and for everyday business use. Costco Wholesale Industries operates manufacturing businesses, including special food packaging, optical laboratories, meat processing, tire installation and jewelry distribution. Costco also present multiple fully functional gas pumps located

You May Also Find These Documents Helpful

  • Good Essays

    However, Costco has managed to stand up and acquired a better market share. Costco has managed to establish a good relationship with their suppliers in order to provide better prices. They have a low-cost strategy that has been successful among the years. In addition, they also have a good strategy to recruit future clients. You always see them trying to engage future customers in activities and offering them coupons so that they get them to enroll in a membership. Costco focuses on the ability of increasing the membership base and to employ well executed merchandising techniques to induce members to shop more often. One of the advantages that BJ’s has that could be a weak point on the strategies of the other two, is that it is the only major warehouse operator to accept manufacture’s coupons, which provided added value for members. I believe that Costco is the one that has been able to achieve all the requirements to succeed. Better prices, large member base, good selection of products and a well trained work…

    • 470 Words
    • 2 Pages
    Good Essays
  • Good Essays

    2. All three warehouse club rivals have some similarities and some differences. They all maintained the goal of selling top-quality merchandise at low prices. They have a few differences when it comes to pricing, merchandising, advertising and growth. Costco stands out because their markups and prices were only fractionally above the level needed to cover expenses and operating costs. They also use a treasure hunt method for merchandising that is unique to them. Much money is not spent of advertising for Costco or Sams like for BJ’s, and their growth strategy is to build more warehouses and build membership base. Costco appears to have the best strategy, it just seems to be more thought out and planned. BJ’s has the weaker strategy, if you base it off of numbers. If they did not have such successful competitors then their strategy could work well.…

    • 436 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Costco is known for only carrying products of superior quality; on the other hand, Wal-Mart is known for carrying cheap products. They must try not to relate Sam’s Club with Wal-Mart, as Sam’s Club needs to have more of a Costco reputation than Wal-Mart. If it can be established in the consumer eye that Sam’s Club is superior to Costco in price and quality, there is potential to improve their future development.…

    • 871 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Costco Wholesale is the seventh largest retailer in the world and in 2006, its total sales reached close to $59 billion dollars, which came from its 496 warehouse locations operating in the United States, Canada, Puerto Rico, Taiwan, Japan, Korea, Mexico, and the United Kingdom (p. 216). This was mainly due to the business and merchandising savvy of Jim Sinegal, the CEO and cofounder of Costco.…

    • 361 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    mgmt274

    • 353 Words
    • 2 Pages

    Colleagues should also review the article, Decency Means More Than “Always Low Prices”: A Comparison of Costco to Wal-Mart’s Sam’s Club, Academy of Management Review, August 2006, which could accessed from the Internet, the link to which is:…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    cotsco case

    • 2187 Words
    • 7 Pages

    Costco’s business model is focused on producing high sales volumes and rapid inventory turnover by offering members low prices on a limited selection of national name brands and select private-label products in a wide range variety. Costco is focused in low-cost strategy is concentrated on a narrow buy segment and out competing rivals by having lower costs, therefore being able serve a niche consumers at a lower price. (Gamble, John and Thompson, Arthur (2009).…

    • 2187 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Swot Analysis Of Costco

    • 117 Words
    • 1 Page

    Costco members know that the warehouse store has consistently lower prices when compared to traditional grocery stores. While other stores may have occasionally lower prices on their loss leaders, Costco has permanently round off its margins to ensure that members can be satisfied paying for a membership.…

    • 117 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    costco

    • 794 Words
    • 4 Pages

    1.What is the company name and contact information: physical and/or mailing address(es), web site address, phone number(s).…

    • 794 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Costco was founded in 1983, went public in 1985 and in 1993 merged with Price Club, a successful membership warehouse. With over 400 membership warehouse stores serving more than 38 million members, Costco is now the largest wholesale club operator in the US.…

    • 2968 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Costco Strengths

    • 828 Words
    • 4 Pages

    The fierce competition is the biggest threat of Costco. As I mentioned before, Sam’s Club and other wholesaler companies are developing quickly. For instance, Sam’s Club has strong background and customer base. They are share the market with Costco. So, if Costco wants to ensure the market share, they should lower their price and produce high-quality products. But, other wholesaler companies also lower their price and invest a lot of money in innovate new and quality products. It is weakening the strength---low price of Costco. Costco should face this threats seriously.…

    • 828 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Costco's warehouses present one of the largest and most exclusive product category selections to be found under a single roof. Categories include groceries, candy, appliances, television and media, automotive supplies, tires, toys, hardware, sporting goods, jewelry, watches, cameras, books, house wares, apparel, health and beauty aids, tobacco, furniture, office supplies and office equipment. Costco is known for carrying top quality…

    • 7785 Words
    • 32 Pages
    Powerful Essays
  • Best Essays

    Costco History

    • 1827 Words
    • 8 Pages

    Costco is a members only, international retail chain discount warehouse Club. They combine high quality merchandise with low prices. Costco began in 1976 as Price Club and restructured in 1997 as Costco Wholesales. Costco’s passion, mission, and ethics have been the key to the leading membership warehouse retail giant to supply their customers with low prices. Their low cost business strategies and dedication to their employees, suppliers and shareholders have proven success.…

    • 1827 Words
    • 8 Pages
    Best Essays
  • Satisfactory Essays

    Costco

    • 403 Words
    • 2 Pages

    COSTCO, a 500-warehouse membership retail chain, faced a major challenge. The strategic plan called for opening 35-40 new warehouses per year over a 5-year period. To meet this plan they needed 5,000 additional leaders and they needed to grow them quickly from within.…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Costco

    • 801 Words
    • 4 Pages

    Is interesting how the role model of a manager could be the same even if the work environment is different. The author came out with a hypothesis that is kind of short and…

    • 801 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    As of 2014, Costco was named the third largest retailer in the United States and in 2015 it is the second largest in the world. Costco has a total of 674 warehouses worldwide. Costco serves more than 10 million members across Canada, one of our nations largest retailers, averaging $15 billion dollars per year.…

    • 286 Words
    • 2 Pages
    Satisfactory Essays