Costco wholesale. Amanda McIntosh Tiffany Ceragoli Ryan Davis Aaron Broadsworth. a Fortune 500 company. The Start-Up. The humble beginnings of a massive enterprise. Jim Sinegal and Jeffrey Brotman opened their first Costco location in 1976 with personal savings and credit cards.
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a Fortune 500 company
The humble beginnings of a massive enterprise
Jeffrey Brotman opened their first Costco location in 1976 with personal savings and credit cards
* The Founders of Costco
a happier employee leads to a better work environment which is what makes the company more profitable.Costco Philosophy
The benefits of being employed with Costco
Hourly workers on average are paid $20.89
Compared to Walmart's average hourly wage: $12.67
Employees receive company matching 401 (k) plan
Every 400 hours worked a pay raise is implemented
Implications & Impact
Expanding the business to meet the needs of consumers
2% Annual Reward
Up to $750/year
Highest Level Member
Over 50 million worldwide!
*Overall memberships continue to increase quarterly
* Executive members makeup one-third of the customer base and two-thirds of the revenue!
* New incentives offered to entice exec. Members hence increasing revenue growth
* Focus on private-label
Maintain exponential customer-base growth with key focus on:
Limitless connectivity thru Mobile Apps & Virtual Magazine - Industry trends suggest online growth likely to drive Costco online sales to over $370 by 2017
Focus on Private-label goods which offer competitive prices & comparable quality to the national brands – these brands account for 20% -30% of overall merchandise
A summary of profits and income