What Companies Does Costco Own?

Are you a Costco enthusiast, or do you just love the value and convenience their warehouse stores bring?

Regardless of your reason, it is no wonder why more than 90 million members across the world have joined this shopping powerhouse!

As one of the most successful retail chains in existence today, understanding what companies are owned by Costco can provide insight into exactly how expansive its reach is.

In this post, we’ll dive deep into all major entities that Costco has ownership over and explore what business ventures they engage in to bring such great quality products and services to customers each day.

Read on for an in-depth look at who makes up the diverse family of Costco’s corporate giants.

Who Owns Costco?

Costco is owned by its parent company, Costco Wholesale Corporation – the world’s largest global retailer.

The corporation owns and operates a chain of membership-only warehouse stores, mainly in the United States (USA) and Canada but with stores located in other countries as well.

As of 2021, Costco Wholesale Corporation has over 785 retail locations across the globe. The company is worth roughly $117 billion and posted revenue of over $152 billion in 2020.

What Companies Does Costco Own?

Costco, one of the largest wholesale retailers in the world, has gained a reputation for offering competitive prices on a wide range of products.

While most people are familiar with the brand name, they may not know that Costco actually owns a number of other companies.

For example, they own Kirkland Signature, a private-label brand that offers everything from food to home goods.

They also own Costco Travel, which offers vacation deals to members. Additionally, Costco operates gas stations and pharmacies under its own brand name.

With all of these business ventures under their umbrella, it’s clear that Costco is much more than just a warehouse store. Let’s have a look at the list of companies owned by Costco!

1. Kirkland Signature: A private label brand offering a range of products from food to home goods.

2. Costco Travel: Offers members vacation packages and travel deals.

3. Costco Gas Stations: Operates gas stations under the Costco name.

4. Costco Pharmacies: Provides prescription medications and over-the-counter drugs.

5. Costco Home: An online marketplace for furniture and other home goods.

6. Optimum Nutrition: Manufactures and distributes nutrition supplements and health products.

7. PriceCostco: A former membership-based warehouse club, now owned by Costco Wholesale Corporation.

8. The Costco Connection: A bi-monthly magazine featuring news, articles, recipes, and more.

9. American Express Membership Rewards Program: Offers members discounts on everyday purchases when they use an eligible American Express card.

10. Innovel Solutions: A nationwide delivery and installation service for appliances, furniture, and other home goods.

When Was Costco Founded?

Costco is founded in 1976, Costco Wholesale Corporation has since developed into a globally recognized brand with over 800 warehouses across the world.

Known for its unique business model of selling products in larger quantities than traditional retail stores, Costco has become a favorite among shoppers looking to save money without sacrificing quality.

From its humble beginnings in San Diego, California, to its current status as a leader in the retail industry, Costco’s journey is truly remarkable.

It’s hard to imagine a world without this bulk-buying giant!

Who is the CEO of Costco?

Costco is a popular warehouse club and its CEO is Craig Jelinek. Jelinek has been with Costco since the company’s early days and has helped to shape its culture and values ever since.

He’s known for being a hands-on leader who’s always willing to get his hands dirty to get the job done.

Under his guidance, Costco has continued to thrive and grow, becoming one of the most successful retailers in the world.

Although many people may not know his name, Craig Jelinek is a driving force behind the success of this beloved retail chain.

What is Costco’s Net Worth?

Costco’s net worth as of August 2023 is estimated to be a whopping $241.5 billion, making it one of the wealthiest retailers in the world.

With its vast network of warehouses and numerous loyal customers, Costco has managed to create an unbeatable business model that has continued to stand the test of time.

It’s no wonder that this retail giant is held in such high regard among competitors and customers alike.

Where is the Headquarters of Costco?

Costco headquarters is in Issaquah, Washington, which is a city roughly 20 miles east of Seattle.

This headquarters is a bustling hub of activity, with thousands of employees working hard to ensure that Costco continues to remain at the top of the retail industry.

So, if you’re ever in the area, be sure to swing by and say hello to the folks at the Costco headquarters!

What is the Annual Revenue of Costco?

Costco’s annual revenue for the last 12 months ending May 2023 was $235.44 billion which is 8.2% YoY growth.

This impressive figure is largely due to their committed customer base and the company’s ability to provide high-quality products at competitive prices.

It’s safe to say that Costco shows no signs of slowing down and will continue to thrive in the retail market for years to come.

With such a solid foundation in place, the future looks bright for this retail giant.

How Many Employees Does Costco Have?

As of 2023, the company employs more than 304,000 people across its various locations. And more than 203,000 of these working in the US.

This number includes both full-time and part-time employees, and it’s no surprise that with the company’s popularity and constant expansion, this number continues to grow every year.

With a reputation for treating its employees well, Costco has become a desirable workplace for many seeking employment opportunities.

Final Thoughts

In conclusion, Costco is a powerhouse in the retail industry. Owned by the company called Costco Wholesale Corporation, this retail giant was founded in 1976 and is led today by CEO W. Craig Jelinek.

With a net worth of $241.5 billion, the headquarter of Costco located in Issaquah, Washington, and an annual revenue of $235 billion, it’s no surprise that this company has become so successful.

With over 304K employees across 11 countries, it’s safe to say that this business will continue to expand its reach as time passes.

Furthermore, as mentioned previously in this blog post regarding sub-companies that are owned by Costco Wholesale Corporation – such as JetBlue Airways and ULTA Beauty – we have seen the ability for them to acquire other businesses at well.

Through its competitive pricing, quality products, and excellent customer service, Costco has become a leading global retailer.

With over 782 locations in the United States and many more around the world, it is easy to see why people love shopping at Costco!

The company’s commitment to employee satisfaction and creating positive shopping experiences makes them an attractive destination for both customers and employees alike.

By consistently striving to improve their offerings, Costco is able to ensure customers are always getting the best products and services at an unbeatable price.

With a commitment to quality and customer satisfaction, it’s no wonder Costco has become one of the world’s most popular retailers.

With its success always on an upward trajectory, who knows what new business venture we can look forward to from Costco next?

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