Costco Wholesale Corporation is a membership-only warehouse club that provides a wide selection of merchandise. Costco is headquartered in Issaquah, Washington, United States and was founded in 1976 in San Diego, CA with its first warehouse in Seattle.
Costco was the first company to grow from zero to $3 billion in sales in less than six years. Costco focuses on selling products at low prices, often at very high volume. Lighting costs are reduced on sunny days, as most Costco locations have several skylights. Most products are delivered to the warehouse on shipping pallets and these pallets are used to display products for sale on the warehouse floor. Costco is only open to members and their guests, except for purchases of liquor and gasoline in some U. In the United Kingdom, membership is restricted to certain groups only. Costco memberships can be refunded in full at any time before they expire. Until 2009, Costco did not accept food stamps. In response to the poor economy, as well as competitor BJ's Wholesale Club's decision in April to accept electronic food-stamp benefits chainwide, Costco announced in May 2009 that it will accept food stamps on a trial basis in two New York City stores starting in June 2009 and depending on its success, might expand it to all New York City stores. Costco Cash Cards can be purchased in the warehouse and members can load them with money to make non-cash purchases at all Costco warehouses in the United States and Australia.
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