Assignment for Course: Submitted to: Submitted by: Date of Submission: Title of Assignment: Costco Case Study CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data‚ ideas of words‚ whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this
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COSTCO: The Empire Built on Values Costco’s co-founder and CEO‚ Jim Sinegal‚ went against traditional retail rationale by firmly prioritizing his values to cater to his consumers and employees first and foremost; and even after 30 years of prosperity‚ he sees no other way to earn confidence and build loyalty. Costco‚ the third largest retailer in United States‚ is operated under the warehouse club concept that simply runs on providing department store quality at bargain store prices. Sinegal’s
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In 1983‚ Costco Wholesale Corporation‚ the fourth-largest retailer in the United States‚ was founded by former Price Club executive‚ Jim Sinegal‚ and lawyer Jeffrey Brotman. Costco focuses on selling products at low prices in bulk packaging and focuses mostly to large families and small businesses. They sell products like flat-screen TVs‚ gallon jugs of mayonnaise‚ and coffins. Costco operates 556 stores worldwide: 405 in the United States‚ 77 in Canada‚ 31 in Mexico‚ 21 in the United Kingdom‚
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Financial Statement Analysis: Costco Wholesale (COST) Executive Summary Costco Wholesale is recognized as the largest wholesale club operator in the US. Over the three-year time period of 2002-2004‚ this company has expanded its membership base while increasing its number of warehouses both in the U.S. and internationally. In 2004 alone‚ net sales increased 13.1% over the prior year‚ driven by an increase in comparable sales of 10% and the opening of twenty new warehouses; net income
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shopping was done and centralized a variety of merchandise at one central location (Tayan‚ 2003). With the introduction of 20th century operational management strategies such as Just in Time (JIT) and Lean Manufacturing‚ companies had to alter its operational efficiency and the way it conducted its business in order to grow and stay competitive. Costco Wholesale Corporation entered the wholesale club industry in the early 1980s (Tayan‚ 2003). The idea behind a wholesale club was to maximize profits
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241). Visit the Costco website (http://www.costco.com/jobs.html) and then go to the Internet and conduct a search on “working at Costco reviews.” Then answer each of the following questions and provide examples from the text‚ if applicable. Each response should be at least two paragraphs in length and be written in complete
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Performance Analysis of Costco Wholesale Corporation xxxx Strayer University FIN 534: Financial Management Professor: xxxx June 11‚ 2012 Costco Wholesale Corporation Higher interest rates‚ levels of unemployment‚ consumer debt levels‚ and unsettled financial markets are general economic factors that can adversely affect the company’s financial performance. These key elements play an important role in how a company chooses to move forward operationally and financially. Therefore
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system‚ the one set up from the organisation. It is normally used by medium or large sized organization. The organization that I have chosen is Costco limited. I chose this organisation because they use different types of information systems and it is an important system for their company. They are a really big and successful organisation. Costco are a wholesale store too‚ which is where the EDI comes in as they use it to contact their suppliers and also used with the retailers. The organisations
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when it comes to pricing‚ merchandising‚ advertising and growth. Costco stands out because their markups and prices were only fractionally above the level needed to cover expenses and operating costs. They also use a treasure hunt method for merchandising that is unique to them. Much money is not spent of advertising for Costco or Sams like for BJ’s‚ and their growth strategy is to build more warehouses and build membership base. Costco appears to have the best strategy‚ it just seems to be more thought
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Conclusion 15 Financial Analysis 16 Income Statement 16 Balance Sheet and Stockholder Equity 16 Statement of Cash Flow 17 Profitability 17 Liquidity and Efficiency 23 Financial Leverage 26 Cash Flow Analysis 26 Statement of Stockholders Equity Analysis 27 Generate Additional Profit 31 Organization Analysis 33 Mission‚ Vison‚ and Values 33 Leadership 33
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