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Costco is a wholesale club retailer founded in 1983 that has grown to become the 4th largest retailer in the US and 7th largest worldwide. It utilizes a business model of high sales volumes, rapid inventory turnover, and well-compensated employees to offer quality goods at low prices to its members. Costco differentiates itself from competitors like Sam's Club through its focus on low prices, limited product selection, and regularly changing "treasure hunt" merchandise. It also takes care of its employees through above-average pay and benefits, contributing to low turnover and high productivity.
Costco is a wholesale club retailer founded in 1983 that has grown to become the 4th largest retailer in the US and 7th largest worldwide. It utilizes a business model of high sales volumes,…