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Costco
Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. As of 2021, Costco is the third-largest retailer in the world, and as of August 2024, Costco is the world's largest retailer of beef, poultry, organic produce, and wine, with just under a third of American consumers regularly shopping at Costco warehouses. This article states that FedMart "became" Costco, which is incorrect. Sol Price founded Price Club after leaving FedMart. Costco is ranked #11 on the ''Fortune'' 500 rankings of the largest United States corporations by total revenue. Costco originally began with a wholesale business model aimed at enrolling businesses as members, then also began to enroll individual consumers and sell products intended for them, including its own private label brand. Costco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warehouse Club
A warehouse club (or wholesale club) is a retailing, retail store, usually selling a wide variety of merchandising, merchandise, in which customers may buy large, wholesale quantities of the store's products, which makes these clubs attractive to both bargaining, bargain hunters and small business owners. The clubs are able to keep prices low due to the no frills, no-frills format of the stores. They are distinguished from traditional cash and carry (wholesale), cash-and-carry wholesale businesses in that their warehouses are substantially larger in size, and they do not cater purely to businesses but also allow some or all types of consumers to obtain memberships. They are also distinguished from warehouse stores in that they usually charge annual membership fees, and require presentation of proof of membership at the warehouse entrance and again at the point of sale. Membership in a warehouse club superficially resembles that in a consumers' cooperative, but lacks Rochdale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Sinegal
James D. Sinegal (born January 1, 1936) is an American businessman, co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain. He served as Costco's president and CEO from 1983 until 2011. As CEO of Costco, Sinegal was known for his hands-on humanitarian approach to business, which he learned from his mentor, Sol Price. He prioritised customer and employee satisfaction over shareholder interests and is also known for his philanthropic efforts. Early life and education James D. Sinegal was born on January 1, 1936 into a Catholic working-class family in Pittsburgh, Pennsylvania. He attended St. Lawrence O'Toole primary school, Central Catholic High School (Pittsburgh), and Helix High School in La Mesa, California, and he earned an AA at San Diego City College in 1955. He attended San Diego State University, graduating with a Bachelor of Arts degree in 1959. Career After Sinegal started as a grocery bagger at FedMart in 1955, he discovere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Club
Price Club was an American warehouse club chain. Founded in 1976, it merged with its competitor, Costco Wholesale, in 1993. The original Price Club warehouse in San Diego, California, is now Costco location number 401. History Price Club was founded by Sol Price in 1975 after he was forced out of FedMart, another retail chain he had founded. Price and several friends invested $2.5 million to establish Price Club. The first Price Club location opened on July 12, 1976, in San Diego, at the former site of a manufacturing building previously owned by Howard Hughes Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American Aerospace engineering, aerospace engineer, business magnate, film producer, and investor. He was The World's Billionaires, one of the richest and most influential peo .... After leaving FedMart, Price noticed that small businesses in San Diego either ordered directly from four or five large wholesalers or they bought locally from relativel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Brotman
Jeffrey Hart Brotman (September 27, 1942 – August 1, 2017) was an American businessman, investor, lawyer, and philanthropist. Brotman was the cofounder and chairman of Costco Wholesale Corporation. Early life and education Brotman was born in a Jewish family in Tacoma, Washington, the son of Pearl and Bernie Brotman.History Link: "Brotman, Jeffrey H. (b. 1942) and Susan R. (b. 1949)" retrieved August 28, 2015 His grandparents were emigrants from the , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Issaquah, Washington
Issaquah ( ) is a city in King County, Washington, United States. The population was 40,051 at the 2020 census. Located in a valley and bisected by Interstate 90, the city is bordered by the Sammamish Plateau to the north and the " Issaquah Alps" to the south. It is home to the headquarters of the multinational retail company Costco Wholesale Corporation. Issaquah is included in the Seattle metropolitan area. History "Issaquah" is an anglicization of the Southern Lushootseed placename /sqʷáxʷ/, meaning either "the sound of birds", "snake", or "little stream". "Squak Valley", an older name for the area, also derives from this same Native American name. In September 1885, the then-unincorporated area was the scene of an attack on Chinese laborers who had come to pick hops from local fields. Three of the laborers died from gunshot wounds; seven attackers were indicted, but they were later acquitted or charges were dropped. Shortly after becoming known as Squak, the to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big-box Store
A big-box store, a hyperstore, a supercenter, a superstore, or a megastore is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores. Commercially, big-box stores can be broken down into two categories: general merchandise (examples include Walmart and Target) and specialty stores (such as Home Depot, Barnes & Noble, IKEA or Best Buy), which specialize in goods within a specific range, such as hardware, books, furniture or consumer electronics, respectively. In the late 20th and early 21st centuries, many traditional retailers and supermarket chains that typically operate in smaller buildings, such as Tesco and Praktiker (the latter which is defunct since 2014), opened stores in the big-box-store format in an effort to compete with big-box chains, which are expanding internationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gas Station
A filling station (also known as a gas station [] or petrol station []) is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold are gasoline (or petrol) and diesel fuel. Fuel dispensers are used to pump gasoline, diesel, compressed natural gas, compressed hydrogen, hydrogen compressed natural gas, liquefied petroleum gas, liquid hydrogen, kerosene, alcohol fuels (like methanol, ethanol, butanol, and propanol), biofuels (like straight vegetable oil and biodiesel), or other types of fuel into the tanks within vehicles and calculate the financial cost of the fuel transferred to the vehicle. Besides gasoline pumps, one other significant device which is also found in filling stations and can refuel certain (compressed-air) vehicles is an air compressor, although generally these are just used to inflate car tires. Many filling stations provide convenience stores, which may sell convenience food, beverages, tobacco products, lottery ticke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasdaq-100
The Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is limited to companies from a single exchange, and it does not have any financial companies. The financial companies are in a separate index, the Nasdaq Financial-100. History The Nasdaq-100 was launched on January 31, 1985, by the Nasdaq. It created two indices: the Nasdaq-100, which consists of industrial, technology, retail, telecommunication, biotechnology, health care, transportation, media and service companies, and the Nasdaq Financial-100, which consists of banking companies, insurance firms, brokerage firms, and mortgage loan companies. The base price of the index was initially set at 250, but when it closed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Retail Companies ...
This list ranks the largest retail companies, according to the British international consulting firm Deloitte. By revenue Companies are ordered by net income from retail operations in millions of US Dollars in FY 2020. Carrefour S.A. was excluded from 2020's report at the company’s request. The list does not include Wakefern Food Corporation with revenue of US$16.3 billion in 2017. References {{reflist Lists of retail companies Retail Retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kirkland, Washington
Kirkland is a city in King County, Washington, United States. A suburb east of Seattle, its population was 92,175 in the 2020 U.S. census which made it the sixth largest city in King County and the twelfth largest city in the state of Washington. The city's downtown waterfront has restaurants, art galleries, a performing arts center, public parks, beaches, and a List of public art in Kirkland, Washington, collection of public art that includes bronze sculptures. Kirkland was the original home of the Seattle Seahawks; the National Football League, NFL team's headquarters and training facility were located at the Lake Washington Shipyard (now Carillon Point) along Lake Washington for their first ten seasons then at nearby Northwest University (United States), Northwest University through 2007 Seattle Seahawks season, 2007. Warehouse chain Costco previously had its headquarters in Kirkland. While Costco is now headquartered in Issaquah, Washington, Issaquah, the city is the namesak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FedMart
FedMart was a chain of discount department stores started by Sol Price, who later founded Price Club. Originally a discount department store open to government employees paying a $2 per family membership fee, FedMart earned four times more than its investors had projected in its first year. Over the next 20 years, FedMart grew to include 45 stores, mostly in California, and the Southwest in a chain that generated over $300 million in annual sales. The business expanded to several states in the Southwest United States. Many stores were previous White Front or Two Guys locations. Price later sold two-thirds of the chain to Hugo Mann, a German retail chain, in 1975 and was forced out of his leadership position the following year. FedMart went out of business in 1982. History "One day we noticed he ertrandwas getting rid of most of the watches up in Los Angeles.” The place in Los Angeles was FEDCO, an interesting new wrinkle in the retail economy at the time. From its modest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
