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Price Club was among the first retail warehouse clubs, beginning with its Morena Boulevard store inside a series of old airplane hangars once owned by Howard Hughes. It was founded three months earlier by Sol Price and his son, Robert, following a dispute with the new owners of FedMart, Price's previous membership-only discount store. Main article: Price Club Costco membership card from IcelandĬostco's earliest predecessor, Price Club, opened its first store on July 12, 1976, on Morena Boulevard in San Diego, California.

History A Costco in Tlalpan, Mexico City Australia's first Costco, located in Docklands, Victoria Hashima, Gifu, Japan Price Club As of September 2023, Costco has 861 warehouses worldwide: 591 in the United States, 107 in Canada, 40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in Korea, 15 in Australia, 14 in Taiwan, five in China, four in Spain, two in France, and one each in Iceland, New Zealand, and Sweden. Through mergers, however, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California. The company opened its first warehouse (the chain's term for its retail outlets) in Seattle in 1983. Ĭostco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signature house label bears the name of its former location in Kirkland. Costco is ranked #11 on the Fortune 500 rankings of the largest United States corporations by total revenue. As of 2023, Costco is the third largest retailer in the world and is the world's largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. Original logo (used until 1993, but carried by stores until 1997)Ĭostco Wholesale Corporation (commonly shortened to Costco) is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores.

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