Costco is Wholesale Corporation that offers membership-only warehouse club. It is the world’s largest retailer of choice goods. It was founded July 1976 as Price Club but still, has its official headquarters in Issaquah Washington.
The comany ensures to offer products to its clients at the lowest of prices with great quantity as well. The company doesn’t believe in carrying numerous brands rather it focuses its delivery to large families and businesses. This method of working without brands as the primary focus enables them to have control over the reduction in price and marketing cost.
It goes as far as them ending the sales of any product if the manufacturer refuses to lower wholesale prices. This rule also brought about the company ending sales of products like Coca-Cola and not working with brands like Tiffany.co. This means that the list of products the company sells is far too numerous. The only problem with this sales method is a continuation of sales of a particular product is solely dependent on its wholesale price being reduced.
Costco as an American based company has a broad spectrum of products it operates. Started out with its primary focus on retail goods, it integrated the Kirkland Signature brand to its stead.
This brand enables Costco to sell privatized products on discounted rates. This means that including gaining grounds as a brand, Kirkland Signature products can be regarded as co-branded goods.
They also provides technical and non-technical services from different niches including
- Travel Services
- Costco Photo Center
- Financial Investments
- Costco Auto
- Costco Food Services
- Concierge Services
- Costco Optical
- Costco Shopping
Later on, the company also signed up with myPublisher and started publishing books and calendar but later took to publishing all by themselves.
So in general, they offers the following products
- Automotive Supplies
- Sporting Goods
- Hardware Apparels
- Fine Wine
- Computer Software
- Perishable Items
- Electronic Goods
- Solar Products
- Health Supplies
- Baked Goods
From the physical space of Costco stores to the products they offer, the services rendered, the people in their millions of membership and the focus on price slash, Costco brings about great service to even the average customer.
Their mission statement itself says they are here to continually provide quality goods and services at the lowest possible prices. Meaning that they have a standing code of ethics to fulfill to the general public.
Definitely from the services being rendered to members which includes
Home Services: Bottled water delivery, Costco auto program, Mortgage purchases, etc.
Business Services: Payroll services, Quick books, Payment processing, Business phone services, etc.
Insurance Services: Health insurance, Auto & Home insurance, Group Dental & Vision insurance, etc.
The company has continued to show its dedication to its code of ethics for service delivered. Even though the set of values of Costco’s mission started in 1976, the company still stays true to its logic throughout the globe. They stick to their commitment to quality, quantity, building the entrepreneurial spirit and keeping their staffs focused on the goal at hand.