Does China Own COSTCO?


Costco’s founder was literally mentored by someone named Mr. Price. Founder Jim Sinegal was once served as executive vice president for merchandising at one of the original wholesale retailers, FedMart, and became the protégé of its chairman, Sol Price.Feb 7, 2014

Costco Wholesale Corporation, trading as Costco, is an American multinational corporation which operates a chain of membership-only warehouse clubs.[4] As of 2015, Costco was the second largest retailer in the world after Walmart,[5] and as of 2016, Costco was the world’s largest retailer of choice and prime beeforganic foodsrotisserie chicken, and wine.

Costco’s worldwide headquarters are in Issaquah, Washington, but the company opened its first warehouse in nearby Seattle in 1983] Through mergers, Costco’s corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California.

As of September 1, 2017, Costco had a total of 741 warehouses; In the United States (514), Canada (98), Mexico (37), United Kingdom (28), Japan (26), South Korea (13), Taiwan (13), Australia(9), Spain (2), Iceland (1) and France (1).


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