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Costco is a membership warehouse club in Australia offering a wide selection of merchandise at great values.
Costco offers its members high quality brand name products and services across a variety of categories including groceries, confectionary, appliances, television and media, automotive supplies, tyres, toys, hardware, sporting goods, jewelery, watches, cameras, books, housewares, apparel, health and beauty aids, tobacco, furniture, office supplies and office equipment .
Costco guarantees the superior quality of its in-house brand products over other labels. Costco basically caters to small to medium sized businesses and individuals for their business and personal needs. Apart from the best prices in the Australia, Costco offers its members attractive coupons and discounts on its membership deals on their online site. Costco also offers coupon booklets every month to update their consumers on the best deals available online.
The origins of Costco
In 1976, Sol & Robert Price raise $2.5 million from friends and family to open Price Club on July 12th, the first warehouse club for business shoppers only. The warehouse was located in a remodelled airplane hangar on Morena Boulevard in San Diego, California.
Based on the success of Price Club, the first Costco warehouse was opened in September 1983 in Seattle, Washington. In 1986, Price Club celebrating its 10th anniversary was named the Forbes Magazine's "Best Managed Company".The company had 22 locations, 3.2 million members, and 7,294 employees.Costco was three years old and had 17 locations, 1.3 million members, and 3,740 employees.
As of 2014, Costco has over 671warehouses located all over the world, with 7 in Australia. There are around 174,000 employees and more than 77 million members.
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The wholesale club is also known for housing a fine line of quality products under their own private label called Kirkland signature.
You must take Costco membership and have a Costco Cash card to get the benefit of membership retail.
Costco offers two types of membership: Business and Gold Star. Business members qualify by owning or operating a business while Gold Star membership is available to individuals. All members get a free additional card.
Costco warehouses are open seven days per week for all members.