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  2. The company was founded in 1983 by Jim Sinegal and Jeff Brotman, who opened the first Costco warehouse in Seattle, Washington. Now, 40 years later, Costco is the third largest retailer in the world with 852 locations, over 124 million cardholders, and more than $227 billion in annual revenue.
    www.businessinsider.com/founding-history-of-costco
    www.businessinsider.com/founding-history-of-costco
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  3. People also ask
    When did Costco start?In 1983, the first Costco warehouse location was opened in Seattle. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales.
    costco.com
    How has Costco changed the retail world?Costco has transformed the retail world. When entrepreneur Sol Price introduced a groundbreaking retail concept in San Diego, California. Price Club was the world's first membership warehouse club, a place where efficient buying and operating practices gave members access to unmatched savings.
    costco.com
    How did Costco become a $1 billion company?Costco made it from concept to $1 billion company in just three years. Costco cofounders Jeffrey Brotman (second from left) and Jim Sinegal (on chair) gather with Costco's board of directors. 1983: The first Costco opens in Seattle with a business plan that calls for expansion to about 12 stores and sales of $80 million per store.
    Is Costco a real company?Although "Costco" was founded in 1983, the organization that we know and love today is actually the result of a merger between Costco and its predecessor company, Price Club. Price Club is really, of course, the actual result of Sol's previous company, FedMart, which itself really came out of Fedco in the 1940s.
     
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    WEBOct 20, 2022 · Although Costco lists James Sinegal and Jeffrey Brotman as its founders, Costcos history wouldn’t be complete without Sol Price, a lawyer turned businessman who started one of the first successful …

  9. Priced to grow: How Costco got started - Aug. 17, …

    WEBAug 14, 2009 · 1983: The first Costco opens in Seattle with a business plan that calls for expansion to about 12 stores and sales of $80 million per store. 1985: The company goes public; opens its first...

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