A chain of membership-only Warehouse clubs around the world. the second largest retailer after Walmart and the first largest retailer of choice and Prime Beef, organic foods, rotisserie chicken and wine. as of October 2019 Costco had 785 warehouses worldwide with over 500 in the United States. has a pretty large presence in Asia with one Warehouse Club in Shanghai China, 14 in Taiwan, 16 in South Korea, in 26 in Japan. Costco employs over 200,000 people worldwide.
The company's rule is that they will not markup any product more than 14% of cost and no Kirkland Signature item 15% over cost. Costco provides two different memberships the gold membership which is $60 a year and the executive membership which is $120 a year their memberships represent 70% of operating income. Costco's private label is Kirkland Signature.
Costco provides different services to boost annual revenue and to provide a better service for their customers.The services include concierge service. Costco's auto program, Costco Business Services, Costco photo Services which is a multifunctional photography printing lab. Costco Optical at these locations they see patients without Costco memberships but to fulfill a Costco prescription you must be a member they also rank as the fifth largest Optical company in 2015. Costco Travel, Foodservice, online shopping, and Costco credit card.
Costco auto program:
In September 2015 Costco was the second largest Auto Seller in the United States, what they offer is a prearranged price for Costco members with over 3,000 dealerships Nationwide in Partnership.
The program offers an array of vacation packages to some of the top locations around the world, the program is marketed directly to Costco members through Costco. the top locations they have are Las Vegas, the Caribbean, Europe, Mexico, Hawaii, and the South Pacific.
majority of all Costco locations have a food court with basic American food, hot dogs, Pizza bagged items and sandwiches Costco sold over a hundred and thirty million quarter-pound hot dogs in 2017.
Costco credit card:
available in the United States Citigroup became an issuer of Costco branded credit cards. Their credit cards have dual purpose as a membership card and as a credit card.