Simplifying Home
and Life Since 1976.
Costco Wholesale’s journey is a remarkable story of innovation, growth, and a commitment to providing exceptional value to its members. Founded by Sol Price on the principles of efficiency and customer satisfaction, Costco has transformed the retail landscape since its inception.
Key Milestones
The first membership warehouse club, The Price Club, opened in San Diego, California, on July 12, introducing a new retail model focused on efficiency and savings for members.
1976
1983
Costco Wholesale was founded and opened its first warehouse in Seattle, Washington, on September 15, aiming to replicate the success of The Price Club.
Costco merged with The Price Club, combining their operations and solidifying Costco’s position as a leading warehouse club operator.
1993
1997
Costco expanded internationally with its first warehouse in Mexico City, marking the beginning of its global presence.
The company continued rapid growth by increasing warehouse locations and expanding product lines while maintaining a limited selection of high-quality items.
2000s
2010
Costco launched its e-commerce platform to enhance member access to products online, complementing its physical stores
During the COVID-19 pandemic, Costco adapted by implementing safety measures and meeting increased demand for bulk purchasing.
2020
2024
Today, Costco operates hundreds of warehouses worldwide and remains committed to providing exceptional value and service to its members.
Key Milestones
The first membership warehouse club, The Price Club, opened in San Diego, California, on July 12, introducing a new retail model focused on efficiency and savings for members.
1976
1983
Costco Wholesale was founded and opened its first warehouse in Seattle, Washington, on September 15, aiming to replicate the success of The Price Club.
Costco merged with The Price Club, combining their operations and solidifying Costco’s position as a leading warehouse club operator.
1993
1997
Costco expanded internationally with its first warehouse in Mexico City, marking the beginning of its global presence.
The company continued rapid growth by increasing warehouse locations and expanding product lines while maintaining a limited selection of high-quality items.
2000s
2010
Costco launched its e-commerce platform to enhance member access to products online, complementing its physical stores
During the COVID-19 pandemic, Costco adapted by implementing safety measures and meeting increased demand for bulk purchasing.
2020
2024
Today, Costco operates hundreds of warehouses worldwide and remains committed to providing exceptional value and service to its members.
Costco Wholesale Corporation ACN 121 646 953 (NASDAQ: COST) (“Costco”) is a global leader in the membership warehouse retail sector, dedicated to providing its members with high-quality brand-name merchandise at unbeatable prices. With over 800 warehouses across eleven countries, Costco offers a diverse range of products and exclusive member services all designed to enhance the shopping experience.