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Costco Info

In: Business and Management

Submitted By trdwei
Words 316
Pages 2
1. Costco has 129,000 full and part time U.S. employees. They have 60,000 full and part time employees outside of the U.S. 2. Costco is an American membership-only warehouse club that provides a wide selection of merchandise. Costco offers discounts on its merchandise, to make up for it a majority of their profit comes from its membership fee. They charge an annual membership fee of $55 for business and business add-on membership, and $110 for executive membership. They have a store brand called “Kirkland Signature”. It is found on Costco’s website, Costco warehouses, and on Amazon.com. The name came from Costco’s corporate headquarters in Kirkland, Washington, from 1987 to 1996. They introduced Kirkland Signature as its house brand in 1995. It was to provide brand name quality at discounted prices. 3. The Costco headquarters is located in Issaquah, Washington. They have 671 warehouses internationally. They have 474 locations in 43 U.S. states and Puerto Rico. 88 locations in nine Canadian provinces. 26 locations in the U.K. 10 in Taiwan. 11 in Korea. 20 in Japan. 7 in Australia. 34 in Mexico. 1 in Spain. 4. Costco has one pending lawsuit. On May 27th the court granted approval of the party’s class action settlement. “Costco Gender Discrimination Class Action”. They must make changes to its promotion process for AGM and GM positions. Class members file a claim and an arbitrator decides if they were denied because of gender. A risk factor that Costco faces is the strong competition from other retailers and warehouse club operations, which could adversely affect business, financial condition and results of operations. They face general economic factors, domestically and internationally, that may adversely affect their business as well. And finally the last main risk factor they face is they are highly dependent on the financial performance of their U.S....

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