{"id":58149,"date":"2017-03-09T12:20:22","date_gmt":"2017-03-09T17:20:22","guid":{"rendered":"https:\/\/depquebec.com\/?page_id=58149"},"modified":"2017-03-28T14:36:16","modified_gmt":"2017-03-28T19:36:16","slug":"costco","status":"publish","type":"page","link":"https:\/\/depquebec.com\/en\/chain-profiles\/costco\/","title":{"rendered":"Costco Wholesale"},"content":{"rendered":"

\"\"<\/a><\/p>\n

With more than 10 million members and $ 15 billion in annual sales in Canada, Costco<\/a>\u00a0<\/strong>has grown into one of Canada’s largest food giants and one of the most dynamic \u00a0and popular retail business models for over 20 years.<\/p>\n

The Costco<\/a>\u00a0<\/strong>formula is unique: to purchase items, you must be a member\u00a0at a cost of $ 55 per year in Canada. In return, Costco<\/strong> limits its profits on each item sold to 14% and offers a discount policy (generally between 1 and 2% depending on the purchases) for holders of an executive card that costs $ 110 annually. Costco<\/a>\u00a0<\/strong>offers a wide range of consumer products. In its Canadian stores, Costco<\/a>\u00a0<\/strong>warehouses only accept the Costco MasterCard credit card as well as cash, checks and Interac.<\/p>\n

Costco<\/a>\u00a0<\/strong>is recognized as one of the banners that best treats its employees: early in 2016, it was preparing to raise the entry wage of its Canadian employees from $ 12 to $ 13.50. The chain is therefore experiencing few recruitment issues. Cashiers, for example, earn more than $ 50,000 a year (source: La Presse<\/a>).<\/p>\n

The story of Costco<\/a>\u00a0<\/strong>begins in 1976, when entrepreneur Sol Price launched an avant-garde concept in retail, the warehouse-club. Price Club<\/strong>, located in San Diego, California, was the world’s first membership-based warehouse, a place where purchasing and efficient management practices offer members unprecedented savings.<\/p>\n

At the beginning, Price Club<\/strong> was essentially for business people who could buy a wide range of products and wholesale items. But seven years later, Costco Wholesale<\/strong> was launched, this time open to all. Over the next 10 years, Price Club<\/strong> and Costco Wholesale<\/strong> have continued to innovate and grow. In 1993, the two giants merged, forming a talented team of leaders that would make the Costco warehouse<\/strong> club one of the most successful in the world.<\/p>\n

<\/h3>\n

Network Profile<\/h4>\n\n\n\n\n\t\n\n\t
BANNER<\/center><\/th>
TYPE<\/center><\/th>
TOTAL<\/center><\/th>
WITHOUT GAS<\/center><\/th>
WITH GAS<\/center><\/th>
GAS BRAND<\/center><\/th>\n<\/tr>\n<\/thead>\n
Costco<\/a><\/strong><\/center><\/td>
Warehouse<\/center><\/td>
21<\/strong><\/center><\/td>
8<\/center><\/td>
13<\/center><\/td>
Costco<\/center>
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Corporate Profile<\/h4>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Name:<\/th>Costco Wholesale<\/th>\n<\/tr>\n<\/thead>\n
Ranking (chains):<\/a><\/td>15th of 20<\/td>\n<\/tr>\n
Number of stores in Qc:<\/td>21<\/td>\n<\/tr>\n
Description:<\/td>Network of warehouse-clubs <\/td>\n<\/tr>\n
Foundation date:<\/td>1976 by Sol Price
\n1983 by Jim Sinegal<\/td>\n<\/tr>\n
Number of employees in Canada:<\/td>30,000<\/td>\n<\/tr>\n
Main Executives:<\/td>Joseph P. Portera, Executive VP, Canadian Division<\/td>\n<\/tr>\n
Head Office:<\/td>Nepean, Ont.<\/td>\n<\/tr>\n
Network:<\/td>91 warehouses across the country<\/td>\n<\/tr>\n
Website:<\/td>Costco Canada<\/a><\/td>\n<\/tr>\n
Facebook Page:<\/td>Costco Canada on Facebook<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

<\/h3>\n","protected":false},"excerpt":{"rendered":"

With more than 10 million members and $ 15 billion in annual sales in Canada, Costco\u00a0has grown into one of<\/p>\n","protected":false},"author":9,"featured_media":0,"parent":58168,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-58149","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t