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Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. [4] As of 2021, Costco is the third-largest retailer in the world [5] and is the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. [6]
The top individual Costco shareholders are Craig Jelinek, Patrick Callans, and Richard Galanti. Costco's top institutional shareholders are Vanguard Group, BlackRock, and State Street...
James D. Sinegal (born January 1, 1936) is an American billionaire businessman and cofounder and former CEO of the Costco Wholesale Corporation, [1] an international retail chain. He served as Costco's president and CEO from 1983 until 2011.
According to Investopedia, Craig Jelinek is the largest shareholder in the company and also holds the roles of President and CEO. He owns 333,075 shares of the company, or about 0.08% of all...
In 1983, Sinegal joined with Jeffrey H. Brotman to open the first Costco Wholesale in Seattle. In 1993 the Price Company (corporate parent of Price Club) and Costco merged to become PriceCostco. In 1999 the present corporate name–Costco Wholesale Corporation—was adopted.
Sinegal owns a waterfront mansion outside Seattle and a vineyard in Napa Valley. Sinegal retired in 2018 but remains one of Costco's largest shareholders.
Costco, boasting bulk sales of discounted, big-brand goods, has dominated warehouse-style, member-exclusive retail for decades. Here's how that came to be.
Costco is a Washington corporation, publicly traded under the Nasdaq ticker symbol "COST", with its home office in Issaquah, Washington. Costco's fiscal year ends on the Sunday closest to August 31st.
Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales.
Costco bought logistics company Innovel from the holding company that operates Sears and KMart for $1 billion in March 2020.