Costco Vs. Costco Wal Mart Essay

Costco Vs. Costco Wal Mart Essay

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In 1983 the combination of two companies Price Club and Costco Wholesale created the store we have now Costco. Costco is a membership warehouse club that delivers “high-quality products, at rock-bottom prices” (1 Geier) all while treating its employees fair as well with great benefits and high pay. The goal of the company seems to be to keep cost down so they can return their savings to the members. Costco also seems to be much better off than other big box retailers like Wal-Mart who have problems rendering from National & International labor issues, to poor customer service, low-quality products, empty shelves, and declining sales (1 Geier). At the same time Costco is holding those strong sales and famously known for the good wages and benefits it gives to its employees.
The main competitor to Costco is Sam’s Club in the membership-warehouse field, although this area is the biggest that Costco focuses on they do have two other retailer formats. One retail format being “Costco Home” which focuses on home furnishings and improvements similar to common retailers like Menards, Home Depot, etc. They expand these opportunities to decrease the risks that follow with operating a business; there are only currently two stores that are representing this format as a home improvement store, according to Ilovecostco.com (1) which will change soon.

And another retail format of Costco is known as “Costco Business Center” which, is a drop-shipment program, as it is for all warehouuse members, but only for those that are able and willing to spend the minimum requirement of $10,000. The business center offers delivery via a private fleet of trucks. There are actually some areas that have a actual brick-&-mortar location for business owners who ...


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...il experience in partnership. The first Costco, based heavily on the Price Club Concept, opened on September 15, 1983 in Seattle, Washington. In less than two years, Costco went public, expanded into Canada, and became one of Price’s fiercest competitors. By 1988, Costco had achieved sales of $2 billion, and by 1993 Costco was ranked third in the industry, with 103 stores.

Corporate Headquarters:
Costco Headquarters is located in Issaquah, Washington.

Costco currently has a total of 674 warehouses spread throughout the United States (474), Canada (89), United Kingdom (26), Australia (7), Mexico (34), Taiwan (10), South Korea (12), Japan (20), and Spain (2)


















Stock Information:


Based on the 1 year, 3 year and 5 year stock information Costco had some high and low points. For the month of November to this date you can tell its rising sky high.


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Costco Vs. Costco Wal Mart Essay

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