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| Costco Wholesale Corporation - BidnessEtc |
Costco is a United States based corporation, which is in retailing
business and is ranked 4th largest retailer in the world. Costco is headquartered
in Washington, United States and is traded on NASDAQ with the symbol ‘COST’. Costco stock price is currently at $112
and the company has market capitalization of over $51 billion. COST Stock has given good returns to
the investors in the previous years with over 40% return in the last year.
Costco is a membership only retailer club. Costco offers wide range of products
to its members ranging from home and office products top jewelry and toys. The
company’s aim is to sell products at low costs to its members. Apart from
having over 650 stores in 8 countries Costco also have an online presence and
also offer online buying facility. Currently Costco’s annual memberships are
over 71 million which represents that the company has a very strong customer
base but most of its memberships are in United States and the international
presence of the company is not so much. However the company’s management has
announced that the 60% of the new store openings in the coming years would be
in international markets which will prove to be very diversifying and promising
for the Costco’s investors.
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