Will Costco Regain its Industrial Glory as the Second Largest Retailer in the World?

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Costco Wholesale is an American corporation operating a chain of membership-only clubs in various parts of the world. Countries served includes Canada, Mexico, Japan, United Kingdom, South Korean, Taiwan, and Australia. Founded July 12, 1976, Costco employs over 230 thousand individuals and earns a net income of $2,679 billion.

The Shopping Experience

You will not be sad when you become a member of Costco. Families who shop at the warehouses have a fantastic shopping experience. There are so many opportunities to sample food, you will most likely be good and full when you leave the warehouse.

Pros

  • Bulk shopping advantage
  • Product quality and reliability
  • Strong brand image
  • Strong global distribution capability
  • Inclusive membership that comes with discounts, reward points

Cons

  • Most food items and merchandise are sold in bulk
  • Must be an inclusive member

 

Celebrated Food Items exceeding competition

  • Choice and prime beef
  • Organic foods
  • Rotisserie chicken
  • Wine

Who is Costco for?        

Costco wants to as close to its members as a magnet to a refrigerator. The goal is to provide the best shopping experience possible. During any visit, especially on weekends, members can walk throughout the store, sampling all types of foods. Members walking through the store will find many fine discounts and bargains.

Costco offers customers a vast array of products and services. Everything a family would need or want can possibly be found at Costco.

Products and Services

  • Grocery & household items
  • Electronics
  • Appliances
  • Furniture & mattresses
  • Jewelry, watches, and sunglasses
  • Clothing & luggage
  • Health & beauty
  • Office products
  • Pharmacy products/services
  • Travel service & rewards

The above products and services are only a sampling of the merchandise and items available in Costco warehouses.

The competition

Costco’s greatest rival is Sam’s Club and other membership-only warehouse clubs across the nation. To stay on top of the competition Costco must maintain a commitment to clients and must continue to see people as the source of its strength.

Final Opinion

If you like the idea of being a private member and love to shop in bulk, then Costco is probably the store for you. The wonderful thing about shopping in bulk is that you to save on items that you could be paying for tow or three times a week at a regular store.

For example, if you buy garbage bags on the regular, say three or four times a month, then you could be profiting & saving money by buying garbage bags in bulk so that you will not have to go to the store and spend more money.

Saving money and time are two key benefits of bulk shopping. Costco gives you this.

Rating: 9 out of 10

 

 

 

 

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