Costco Wholesale is a retail company focusing on membership-based warehouse clubs, offering discounted prices on brand-name merchandise, and providing specialty departments and exclusive member services. Founded in 1976 as Price Club in San Diego, it later merged with Costco in 1993 to become PriceCostco. Today, the company operates worldwide with hundreds of locations achieving significant buying power by catering to both small businesses and individual consumers.
Led by CEO Walter Craig Jelinek, Costco Wholesale now stands as an industry leader with an impressive annual revenue of $227 billion and 273,000 employees. The company's diverse workforce boasts 40.4% female and 43.7% ethnic minority employees, who enjoy competitive salaries averaging $37,025 per year. With a renowned employee retention rate, the staff at Costco Wholesale enjoy job satisfaction and contribute to the company's continued growth and success in the retail industry.
