Costco, originally, was only catering to small business retailers for their wholesale pricing. But the company realized the potential of selling more for selected non business members. They started the exclusively "for members only" policy for retail. At present, Costco now has more than 430 outlets all over the US and in Mexico, Canada, UK, South Korea and Japan. Costco also showcases computers, electronics, flowers, jewelry, books, CDs and DVDs, pharmacy , hardware, furniture, automotive products and even gasoline for cars - CBD
Costco is a familiar brand for most retail companies in the Philippines. Its business model and concept has been copied by popular supermarkets and department stores like Makro, Uniwide Sales, Shoppwise, SM and the almost identical, S&R Price Smart. Costco opened its first branch in 1976 under the name Price Club and in a converted airplane hangar in San Diego California. This started the warehouse type store design which retails all kinds of products from food to rtw, appliances and others, under one roof.
Costco, originally, was only catering to small business retailers for their wholesale pricing. But the company realized the potential of selling more for selected non business members. They started the exclusively "for members only" policy for retail. At present, Costco now has more than 430 outlets all over the US and in Mexico, Canada, UK, South Korea and Japan. Costco also showcases computers, electronics, flowers, jewelry, books, CDs and DVDs, pharmacy , hardware, furniture, automotive products and even gasoline for cars - CBD
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