Costco Wholesale is the third largest retailer in the nation and the largest membership warehouse chain in the United States. Costco Wholesale was established in 1983 and is a publicly traded company (NASDAQ: COST). Their corporate offices employ nearly 3,000 and are located in Issaquah, Washington. The first Costco opened in Seattle on September 15, 1983 and the most recent opened August 23, 2011 in Tainan, TW.
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Costco Wholesale has a significant presence in the retail market with over 560 warehouses in the United States, Canada, United Kingdom, Mexico, Taiwan, Korea, Japan and Australia and continued plans for growth. Over 55 Million people are Costco Wholesale cardholders, and therefore potential purchasers of Costco Wholesale‘s vendor products.
At Costco Wholesale, the member’s are loyal with an 87% membership renewal rate, and the vendors have the potential for great success. It’s no wonder manufacturers and service providers are lined up to serve a mass retailer like Costco Wholesale. Imagine the growth potential in Costco Wholesale, with 1.4 million transactions per day, 66 million pallets of product circulating the Costco warehouses, $131 Million dollars of yearly warehouse volume, and a top 25 Fortune 500 Company. Yes, Costco Wholesale is certainly a retailer worth partnering with.
In additional, Costco Wholesale holds ethic and philanthropic responsibility to society as a high priority. Costco Wholesale is known for working on low margins and offering high wages to their employees. .70 cents of every dollar Costco earns is spent on payroll, 401K, Health Insurance, and other fund directed toward Costco Wholesale employees. Additionally, Costco Wholesale is a proud sponsor of the Children’s Miracle Network, donating over $123 million dollars to this organization and holding yearly fundraising events.
There are countless opportunities for manufacturers and service providers to partner with a retailer like Costco Wholesale. Including Costco.com, Costco.ca, Costco In-Line: national and regional, Costco Road Show (also known as Costco Special Events), Costco Travel, Costco International, and many more.
So what’s stopping you from working with Costco Wholesale? Lack of knowledge, experience, fear of compromising market value? VENDORCO specializes in creating and managing successful Costco Wholesale programs and our qualified sales representatives have the ability to address and ease your questions and concerns. Start a partnership with VENDORCO today, and take the next step toward a successful relationship with Costco Wholesale.
