STR New / Reuters
- Costco is a wholesale club that sells a wide range of products and services to fee-paying members.
- Founded in 1983 in Seattle, Washington, the company built off a concept pioneered by earlier stores.
- Costco made $237.7 billion in revenue last year and is the third-largest retailer in the world.
Costco is a members-only wholesale club that offers a variety of products and services at extremely competitive prices.
The company was founded in 1983 by Jim Sinegal and Jeff Brotman, who opened the first Costco warehouse in Seattle, Washington.