BUSINESS RESEARCH ON COSTCO WHOLESALE CORPORATION PRESENTED TO: TIM CARROLL PREPARED BY: YUZHEN LIN ID# 122629 CHENGKAI LV ID# 126218 February 14‚ 2014 TABLE OF CONTENTS 1. Executive Summary............................................................................................. 2. Company Analysis 3. Industry Analysis..............................................................................................
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Executive Summary Costco Wholesale in 2012: Mission‚ Business Model‚ and Strategy By: Dian Pertiwi Sulistianingtyas International 64/B Magister Management Faculty of Economics and Business Universitas Gadjah Mada 2015 COMPANY OVERVIEW Jim Sinegal‚ co-founder and CEO of Costco Wholesale that was founded in 1983 has been able to completely driving the company in its 29-year as the American giant retailer. Costco Wholesale‚ a first ever U.S company to reach $1 billion in sales less
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Costco: Steering Into the Blue Ocean Background: Costco’s first location opened in 1976 in Moreno Boulevard‚ San Diego. Costco was originally named Price Club and later merged with Costco in 1993 by 1997 all the warehouses were renamed Costco Wholesale Warehouses. Costco was a small business but was very ambitious and thus expanded into warehouse clubs. Currently‚ Costco operates more than 663 warehouses and is a global powerhouse. Its total sales have surpassed $64 billion in recent years.
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company’s ability to function in global market. For Costco‚ environmental factors have a powerful impact on business because it typically doesn’t have any control. Since‚ environmental factors do not have any control and limitation it brings many challenges and threats to the success of the business. Political factors: Political factor play a huge role in determining the factors that impact the Costco wholesale profitability in a certain country. Costco is a global company and operate its business globally
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Olena Marchenko Costco Wholesale Operations and Supply Management OMIS 357 (Fall’09) Agenda • • • • • • • Background and Business Model Processes and Queues Management Supply Chain Strategy Quality Control Inventory Management Recommendations Q&A Background • • • • Headquartered in Issaquah‚ WA 550 warehouses in 40 states Present in 6 countries outside US $71B revenue in 2008 1993: merged with PriceClub: PriceCostco (206 locations) 1998: Costco.com 1999: Costco wholesale 2009:
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Case Study: Costco Wholesale Corp. Financial Statement Analysis (A) A-186A 1. Chief elements of Costco’s Strategy Costco’s strategy relies on 3 main components: Customers‚ Supplier and Operating efficiency. Costco delivers the value to its customers by: products provided by no more than 14% over distributors price‚ Lowest per unit price in the optimal container‚ Kirkland brand name quality at discount prices. Costco target the customer segment of middle class customers in addition to small business
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Selina Palmer Professor Assuma MKTG 305 December 8‚ 2014 Costco SWOT Analysis Costco is a wholesaler since it buys products from suppliers and resells them to both retailers and consumers. Costco is the second largest retailer in the United States. Its greatest advantage is its wide range of merchandise. Costco has many locations and has retail outlets in other countries. Originally‚ Costco was merged with Price Club and the original executives belonged to both companies. However‚ Sol and Robert
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Costco Case Paper Blessed Mensah UMUC Introduction Costco Wholesale Corporation was founded by James Sinegal and Jeffrey Brotman in September of 1983 (Thompson‚ 2008 p. c-32). Costco is one of the largest retail stores in the wholesale industry. Costco mission is to offer their customers low prices on both private and limited selection of nationally branded products in a wide range of merchandise categories. Businesses
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Acct Info for Decision Making Project on Costco Wholesale Corp. Costco Group 2012 History & Background Founded by James (Jim) Sinegl and Jeffrey H. Brotman‚ Costco opened its first warehouse in Seattle‚ Washington‚ on September 15‚ 1983. Sinegal had started in wholesale distribution by working forSol Price at both FedMart and Price Club. Brotman‚ an attorney from an old Seattle retailing family‚ had also been involved in retail distribution from an early age. Wal-Mart founder Sam Walton had
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Case Discussion – Assignment Questions Case (2): Costco Wholesale in 2008 1. What is Costco’s business model? Is the company’s business model appealing? Why or why not? Costco is a membership warehouse business. It allows corporations and consumers the opportunity to buy memberships to the warehouse club. The membership allows members to buy a range of selective items‚ many times in bulk. These items consist of H&B‚ food‚ household items‚ electronics and many other item categories
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