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Retail Quick Facts: 10 Things About Costco You Probably Don't Know

Wed, Apr 27, 2:22 PM ET, by

  • Costco is the 3rd largest retailer in the U.S. (behind Wal-Mart & Kroger) and the 7th largest retailer in the world by sales, as well as ranking #25 on the Fortune 500 list
  • Five of the original eleven-person management team (including both co-founders: CEO James Sinegal & Chairman Jeffrey Brotman) and more than 400 of the original 1,000+ employees from its founding in 1983 are still at Costco today
  • Costco sold 92 million hot dog & soda combinations at food courts in FY 2010 at $1.50 each, a price held constant since 1985
  • Costco’s Kirkland Signature Brand products represent 15% of total items and 20% of total sales, and the company believes sales penetration will eventually reach 30%
  • Costco generates sales of nearly $140 million per warehouse (by far the highest of any American retailer) and $1,000 per sq ft, compared to rivals Sam’s Club ($78 million per wh & $586 per sq ft) and BJ’s Wholesale ($54 million per wh & $500 per sq ft)
  • Costco sold 2.3 billion gallons of gasoline at its 343 gas stations last year totaling $6.2 billion, 51.1 million chickens totaling $256 million, $3.9 billion worth of meat, $790 million in seafood, $1.15 billion in total wine sales, $1.8 billion worth of TV’s, $362 million of cameras, $1 billion in bakery sales and $3.4 billion worth of produce, as well as filling 33 million prescriptions and processing 1.2 billion in photo prints
  • Costco Connection, the monthly magazine sent to over 8.3 million members, boasts a readership of over 20 million people with a median household income of $108k, household net worth of $984k and aggregate buying power of over $864 billion; 86.5% of readers own a home, 55% graduated college and 51% own their own business
  • With 3 million pairs of glasses sold last year, Costco is the nation’s 5th largest optical retailer and was ranked by Consumer Reports as consumers’ favorite eyeglass retailer
  • Costco Hearing Aid Center is one of the largest retailers of hearing aids in the U.S., and sells more digital hearing aids than any other independent retailers
  • Costco became the first company ever to grow from zero to $3 billion in sales in less than six years, and has grown sales from $101 million in 1983 to $76.3 billion in 2010 for a compound annual growth rate of 27.8%

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This Article's Word Cloud:   Brand   Chairman   Costco   Fortune   Jeffrey   Reports   adsbygoogle   aids   annual   billion   both   businessWith   buying   company   courts   each   employees   eventually   founding   from   generates   hearing   household   independent   largest   last   less   median   million   more   original   over   penetration   photo   power   prescriptions   products   retailer   retailerCostco   retailers   sales   sold   still   than   total   totaling   well   will   worth   year

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