Costco Wholesale Corporation Costco Wholesale Corporation - Financial and Strategic Analysis Review Publication Date: 27-Mar-2013 Reference Code: GDRT28577FSA Company Snapshot Company Overview Key Information Costco Wholesale Corporation (Costco) is membership warehouses chain operator. The company’s product portfolio includes sundries‚ hardlines‚ food‚ softlines‚ fresh food and ancillary. It offers two types of memberships‚ namely‚ business and gold star to its customers.
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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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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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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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Business risk 1: Company’s sales significantly dependent on its in-store sales. Level- High. Source- Technology Description: Costco generate its sales revenue mainly rely on the store sales. Online sales only account for about 4% of Costco’s in its annual revenue. While U.S.’s online sales are growing faster than store sales‚ the trend of shopping online for giant packages of everything has increased with times‚ and will get more and more popular in the future. In this context‚ two of Costco’s big
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Internal Analysis: SWOT Strengths: * Positive Business Strategy – The way Costco operates is providing items in bulk at low prices in membership only warehouses. This has caused an increase in sales with the current recession‚ which also leads to growth during the slow economic times. * Treasure Hunt Merchandising – Costco changes about a quarter of their items to sell regularly. For example‚ customers may find Ragu one week‚ and Prego the next‚ it just depends on who Costco strikes a better
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Nucor SWOT Analysis STRENGTHS: • Has a strong leadership team at all levels. • Workforce is highly motivated‚ productive‚ and flexible. • Technology = Innovation and technology has been the integral strength for Nucor Co. They are always into searching for new mediums and technology in the production side. The major benefit that they get from it is the amount of resources that they save and the improved efficiency levels. (McLean‚ 2009) • Continuing Innovations = Nucor has plants with low
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Figure 2.1. shows that total revenue and operating income at Costco from 2003 to 2006 is increasing‚ and the company has a steady expansion. These numbers can prove Costco’s success and Jim Sinegal‚ CEO and cofounder‚ does a great job in the company. Sinegal saves on operation costs in order to provide low price while still keeping high quality products for customers such as constructing warehouses with inexpensive concrete floors‚ providing each product with only one size‚ carrying less variety
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Summary Costco’s Wholesale Corporation financial statement analysis provided many details of the operations of Costco and its competitors. Margarita Torres‚ an investor in Costco‚ added the corporation to her portfolio in 1997. She now finds it time to reanalyze the company to gain insight on whether her investment in Costco is still worth holding onto or if it is time to sell. To study Costco’s performance‚ three areas were reviewed. First‚ was an industry overview of the retail players looking
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social responsibility endeavours successfully fulfil these interests through various approaches and projects. Costco has always been an example concerning how they treat their employees compared to its major competitor (Wal-Mart) in the Discount Industry. Moreover‚ it gives them a certain advantage on their main competitors. 1) Average Hourly Wages: The average hourly wages at Costco is around $21 per hour and starts around $11‚5 per hour‚ and of course‚
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