Costco store is one of the best stores in the world that is recognized to be the largest in dealing with products such as beef, organic food, chicken and some of the best wine brands of choice. The headquarter of the store is based in Washington and it was first opened back in the year 1983. The store consists of up to 776 warehouses and more are yet to be opened and others are being opened. Among all the existing warehouses, up to 539 of them are located in the US, 28 in the UK and the rest in other countries such as the Canada, Spain, Iceland, Mexico and some are also situated in Japan.
Costco used to and have to recent work out to expand and open up more in the countries they already exist but for them now there is even better platform as the modern retail economy has been globalized. The store is ambitious to develop even further to the status of the world’s greatest retailer selling the best brand products. The store enjoys an ultimate signup by a very large population oversees once a branch has been opened in the overseas countries especially in the first up to three months. The possibility of prospective customers joining and still maintain being customers of the store is even above 80 percentage hence very predictable to monitor progress and determine development.
Costco stores have put in the best criteria not only to attract more customers but to make the working conditions of the workers up to standard. The number of products available in a store is limited up to 40,000 products; this ensures that customers purchase more of the repeatedly needed products once they are availed. Besides purchase power this ensures the customer pressure or visit is controlled hence satisfaction can be determined. The wages for the workers are also higher as compared to other retailers and also this does not include the health insurance benefits which are enjoyed by all the employees. This will encourage them to provide even better services to clients that are up to standard hence a unique ay of promoting customer relations.
Costco is now developing opening new stores in ne places in the US and even other new ventures in such as the new seven destinations to be opened in Canada.
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