Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses. The company operates membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, and Australia, as well as through majority-owned subsidiaries in Taiwan and Korea. The company’s warehouses offer the following: sundries, including candy, snack foods, tobacco, alcoholic and nonalcoholic beverages, and cleaning and institutional supplies; hardlines, including major appliances, electronics, health and beauty aids, hardware, office supplies, cameras, garden and patio, sporting goods, toys, seasonal items, and automotive supplies; food items including dry and institutionally packaged foods; softlines, including apparel, domestics, jewelry, housewares, media, home furnishings and small appliances; fresh food, including meat, bakery, deli and produce; and ancillary and other, including gas stations, pharmacy, food court, optical, one-hour photo, hearing aid and travel. The company’s online business, which operates Websites in the U.S., Canada, and the U.K., provide its members additional products, which are not found in its warehouses. These products vary by country and include services such as photo center, pharmacy, travel, business delivery, and membership services. Strategy The company’s strategy is to provide its members with a range of high quality merchandise at prices consistently lower than they can obtain elsewhere. The company seeks to limit specific items in each product line to fast-selling models, sizes, and colors. Therefore, the company carries an average of approximately 3,700 active stock keeping units (SKUs) per warehouse in its core warehouse business. Intellectual Property The company has invested significantly in the development and protection of its brands, including the Costco Wholesale series of trademarks and its private label brand, Kirkland Signature. Competition The company competes with warehouse club locations, such as Wal-Mart’s Sam’s Club and BJ’s Wholesale Club across the U.S. and Canada. Wal-Mart, Target, Kohl’s and Amazon.com are the company’s general merchandise retail competitors. The company also competes with operators selling a single category or narrow range of merchandise, such as Lowe’s, Home Depot, Office Depot, PetSmart, Staples, Kroger, Trader Joe’s, Whole Foods, CVS, Walgreens and Best Buy. History Costco Wholesale Corporation was founded in 1976.
costco wholesale corp (COST*:Mexico)
999 Lake Drive
Issaquah, WA 98027
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