First, the opening customer is the largest chain membership warehouse and mass sales store in the United States. PriceClub was established in San Diego, California on 1976, and Costco was established in Seattle, Washington seven years later. In 2009, it was the third largest retailer in the United States and the ninth largest retailer in the world. Costco is the founder of the membership warehousing and wholesale club. Since its establishment, Costco has been committed to providing its members with high-quality branded goods at the lowest possible price. Costco has more than 500 branches in seven countries around the world, most of which are located in the United States, while Canada is the largest overseas market, mainly near the capital Ottawa. This global enterprise is headquartered in Ithaca, Washington, and has a flagship store in neighboring Seattle.
Second, the market opener is the largest chain warehouse and wholesale store in the world. Since its establishment, it has been committed to providing its members with high-quality branded goods at the lowest possible price. Open market customers constantly introduce new and distinctive imported goods to increase the variability of goods, and respond to manufacturers' price reduction or import tax rate reduction at any time to give back to members.
Third, Costco operates hundreds of stores around the world, with a wide variety of products and many special services and rights exclusive to its members. When shopping, everything is to make customers happy. Costco's business model is very similar to PriceClub's. PriceClub was founded by SolPrice Company in San Diego, California on 1976. The operating characteristics of the two companies are to provide high-quality goods at low prices, and there are fewer commodity projects than their peers. At the same time, both companies charge small annual fees to their members and successfully cater to the preferences of small business owners.
4.Costco also works as an investment broker and travel agency, and also launches a car sales plan, allowing members to buy new cars directly at special prices. Costco also partnered with Amorprice Financial to provide cars and home insurance. It is Costco's business philosophy to provide members with high-quality goods at the lowest possible price. In order to achieve this goal, we must try our best to reduce all operating costs and give all the money saved back to our members.