The number of Costco paid members worldwide has seen a steady growth from 2014 to 2024. At the end of 2024, there were approximately 76 million Costco paid members all over the world, an increase from the 71 million of the previous year.

In 2024, there were 63.7 million Costco Gold Star members all over the world, up from 58.8 million of the previous year. The company had net sales of close to 250 billion U.S. dollars in 2024.

In 2024, close to 137 million people had paid for a yearly Costco membership. The number of cardholders has been growing steadily since 2014. Costco Wholesale Corporation is a growing membership-only retail company, which offers goods in bulk at competitive prices. Top retail brands Costco had a brand value of approximately 60 billion U.S. dollars in 2024, making it the fourth most valuable retail brand in the world that year. The top three included companies, such as Amazon and Walmart. Based on revenue, however, Walmart Inc. was the leading retailer by far, generating over 572 billion U.S. dollars in 2021. In that year, Costco Wholesale Corporation reached a revenue of more than 195 billion U.S. dollars. Costco growth Costco’s worldwide revenue numbers have been increasing steadily with each consecutive year and are expected to continue growing. Additionally, the number of Costco warehouses has been on the rise. Between 2011 and 2024, the number of warehouses operated by the company has grown by close to 300.

Costco's membership fee revenue continued to climb in 2024, reaching close to ************ U.S. dollars globally. This marked a significant increase from 2023 and 2022. Notably, Costco's membership revenue outpaced that of Sam's Club, which reported *********** U.S. dollars in membership fees for the same year. Costco employees Costco continued expanding its workforce significantly in 2022. The company's employee count grew by ****** individuals, representing an increase of over **** percent compared to the previous year. This brought the total number of employees to *******, marking the highest level recorded during the observed period. Notably, Costco has consistently demonstrated a positive trend of employee growth over the past several years. Costco’s locations and net sales As a US-based company, Costco's largest market in 2021 was unsurprisingly the United States. Generating over *********** U.S. dollars in net sales, the U.S. market accounted for a significant portion of Costco's overall revenue that year, reinforcing its position as a dominant player in the American retail landscape. While headquartered in the US, Costco has a significant international presence. In addition to its vast network of *** stores within the United States, the company operated *** locations in Canada in 2024. This made Canada the second-largest market for Costco that year. Furthermore, Costco had a footprint of over ** stores in Mexico during the same period.

As of 2024, Costco operated *** warehouses worldwide, up from *** warehouses in 2011. Each year the company has opened new branches and is now one of the top retailers worldwide in terms of revenue. Costco Key Facts Costco opened its first warehouse in 1983 in Seattle, Washington, where the company is still headquartered today. Costco is known for selling bulk goods and requiring a membership in order to shop there. In 2024, Costco boasted nearly *** million club members worldwide, up from **** million members in 2014. Costco’s net sales have also seen a steady increase over the last several years and amounted to ***** billion U.S. dollars in 2024. Costco Consumer Behavior Costco consistently ranks highly in terms of customer satisfaction and retained many loyal customers over the years. In 2023, Costco had a customer satisfaction rating of **, a higher score than any other department or discount store in the United States. Less than ** percent of Costco shoppers in the United States are between the ages of 50 and 64 years, making up the smallest share of Costco’s customer base of any age group.

In 2024, Costco Wholesale Corporation generated total net sales of around 250 billion U.S. dollars worldwide. Of this amount, 101.5 billion U.S. dollars was attributed to Food and Sundries products. This sizable portion underscores the importance of this product segment in driving Costco's overall financial success. The company's ability to offer various high-quality food and household items at competitive prices has been a prominent factor in attracting and retaining a loyal customer base. Costco brand profile in the UK and U.S. Costco enjoys strong brand recognition in the U.S., with 83 percent of grocery store customers aware of the brand. While many customers like and actively use Costco. Loyalty is high, with over 80 percent of users likely to shop there again. However, media buzz surrounding the brand was low in September 2023. While Costco's brand awareness in the UK is slightly lower than in the U.S. at 75%, it still holds a significant presence. However, only 16 percent of UK grocery store customers like Costco, and slightly less actively use it. Customer loyalty is strong, with over 80 percent of users likely to return. However, like the U.S., media buzz surrounding the brand was minimal in September 2023. Costco’s mission Costco's mission is clear: to deliver exceptional value to its members by offering high-quality goods and services at the lowest possible prices. Costco's membership base has continued to expand steadily over the past decade. As of 2024, the company had approximately 76 million paid members worldwide, increasing from 2023. This consistent growth reflects Costco's ongoing commitment to providing exceptional value and service to its members, solidifying its position as a leading global retailer.

Costco, the warehouse shopping club, continued to grow in 2024 with *** locations worldwide at year’s end. The U.S. is still home to the vast majority of the American retailer’s warehouses, but it has expanded into 13 other markets. With the expansion in store count comes an increase of members, and at the end of 2024 Costco could boast just under *** million cardholders. Costco is headquartered in Washington state in the United States and opened its first warehouse in Seattle in 1983. Today, the company is the second largest retailer in the world, behind only Walmart. In 2024, the company had net sales of close to *** billion U.S. dollars and a brand value of over ** billion.

Over the last several years, Costco has seen a yearly increase in its global net sales, rising from ***** billion U.S. dollars in 2014 to ***** billion U.S. dollars by 2024. Costco has made a name for itself worldwide as a members-only wholesale retailer with warehouse style stores. Costco in the U.S. Costco opened its first warehouse in Seattle, Washington in 1983 and has since expanded to become one of the most respected and valuable retailers in the United States and worldwide. Among the top three mass market retailers in the United States: Walmart, Costco, and Target; Costco had the highest average sales volume per store, at *** million U.S. dollars as of 2023. Costco Customers Costco sets itself apart from many other mass merchants by requiring customers to pay a yearly membership fee in order to shop at its locations. A 2023 survey found that the largest share of Costco’s American customer base is between the ages of 18 and 49 years. The company also prides itself in having the highest customer satisfaction rating of any department or discount store in the United States in 2023.

The global warehouse supermarket and warehouse club market is experiencing robust growth, driven by increasing consumer demand for bulk purchases, value-oriented shopping experiences, and the convenience of one-stop shopping for a wide range of goods. This market segment, estimated at $500 billion in 2025, is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of 7% through 2033, reaching approximately $850 billion. Key growth drivers include rising disposable incomes in emerging economies, the expanding middle class, and the increasing popularity of membership-based models offering exclusive discounts and benefits. The market is segmented by application (individual & family, commercial) and product type (food & beverages, medicines, minerals & supplements, household goods, others). The dominance of large players like Costco, Sam's Club, and BJ's Wholesale Club in North America highlights the competitive landscape, but the market also shows strong regional diversification with significant growth anticipated in Asia-Pacific regions driven by expanding retail infrastructure and increasing consumer spending. Challenges include intense competition, fluctuating commodity prices, and maintaining supply chain efficiency amidst geopolitical uncertainties. The segment's future growth will largely depend on innovative strategies employed by existing players and the emergence of new entrants. This includes leveraging e-commerce platforms to enhance accessibility and cater to changing consumer preferences. Expansion into new geographic markets, particularly in rapidly developing economies, presents significant opportunities. Furthermore, diversification of product offerings, including focusing on organic and healthy products, as well as personalized shopping experiences, will be crucial for capturing market share. A strong focus on sustainability and ethical sourcing is also gaining traction among environmentally conscious consumers, posing both a challenge and an opportunity for companies in this sector. Successful players will need to adapt to evolving consumer needs and leverage technological advancements to optimize operations and enhance the customer experience.

In 2024, Costco had ******* employees throughout the world. Costco’s workforce consisted of ******* employees in the United States, ****** employees in Canada, and ****** employees in its other international locations. Costco is a multinational company and one of the largest retailers in the world. Costco Costco Wholesale Corporation is a corporation that runs a chain of big-box stores which resemble warehouses and sell a wide variety of wholesale products. Groceries, appliances, baked goods, electronics, apparel, and books are among the types of products offered within Costco warehouses. Many branches also offer optical services, gas stations, tire garages, or photo processing services. The majority of Costco’s warehouses are in the company’s domestic market of the United States; however, the company also operates in a number of markets worldwide. Warehouse club Warehouse clubs offer a more limited range of products than a traditional supermarket and aim to attract shoppers who wish to save money by buying in bulk. Shoppers need to have a membership and pay a fee to be able to shop in warehouse clubs like Costco. Other examples of warehouse club retailers include Sam’s Club and BJ’s wholesale.

Explore the competitive pricing and quality of organic milk at Costco, popular for its bulk-pack value, USDA Organic certification, and membership-based cost savings. Discover why it's a top choice for environmentally conscious shoppers in October 2023.

As of January 2025, the annual cost of a Costco's executive membership was 130 U.S. dollars. Meanwhile, a business membership cost 65 U.S. dollars. The executive membership is valid at all Costco locations worldwide, and includes benefits on selected Costco travel products, among other benefits.

Explore the pricing dynamics of 4 liters of milk at Costco, influenced by location, market conditions, and promotions. Discover how the membership model and Kirkland Signature brand contribute to affordability without compromising quality. Stay updated on local and online promotions to maximize savings on dairy purchases.

Swings in the economy have a limited impact on warehouse clubs and supercenters because these retail establishments offer low-priced goods. When consumer sentiment is high, shoppers spend more time visiting industry retailers and buying extra items. Conversely, when consumer sentiment is low, warehouse clubs and superstores draw a larger pool of consumers as households seek to cut expenses by buying in bulk for the future. Many of these retailers have been able to attract and retain more business by offering memberships and reward programs that disincentivize consumers to visit the competition. Revenue for warehouse clubs and supercenters is expected to climb at a CAGR of 3.2% to $771.1 billion through the end of 2025, including growth of 2.8% in 2025 alone. In the same year, profit will account for 3.5% of revenue, a dip from 2020 because of strong competitive forces and inflation. Online companies can undercut traditional warehouse clubs and supercenters' prices by taking advantage of lower operational costs. The brick-and-mortar warehouse clubs and supercenters incur higher operational costs than online-based businesses because they pay for high-traffic retail space and require employees for daily operations. Retailers are increasingly optimizing their online presence for mobile shopping. Walmart, a leader in the industry, has introduced a competing service known as Walmart+, which costs $98.00 annually. Walmart+ provides members with unlimited free deliveries, fuel discounts and a more streamlined in-store shopping experience via the Scan & Go feature on the Walmart app. Although this service emphasizes increasing Walmart's e-commerce sales, the fuel discounts and access to the Scan & Go feature on the company's app will encourage in-store purchases. Warehouse clubs and supercenters' revenue will expand as the domestic economy surges. Consumer spending and corporate profit boosts encourage future revenue growth by prompting more consumers to buy club memberships and spend on bulk purchases. Consumption rates will continue to climb across the US, promoting strong foot traffic and these retailers that often sell products in bulk. Nonetheless, increasing online competition will continue to threaten the industry as retailers like Amazon expand their customer base. Revenue for warehouse clubs and supercenters is expected to swell at a CAGR of 2.3% to $862.8 billion through the end of 2030.

Canada's Warehouse Clubs and Supercentres industry comprises stores that retail discount groceries and other basic goods, like appliances. These stores achieve cost savings by leveraging economies of scale, offering products in bulk or charging membership fees. The industry is less susceptible to economic volatility in response to the low-cost, high-value products offered by warehouse clubs and supercentres. However, businesses and consumers will spend more at these outlets when they have deeper pockets. The pandemic offered an additional opportunity as consumers flocked to warehouse clubs and supercentres, which encountered relatively little disruption because they were considered essential businesses. Revenue is expected to climb at a CAGR of 2.5% to $67.0 billion through the end of 2024, with an expected hike of 2.5% in 2024 alone. Volatile movements in the world price of crude oil have hampered gains despite overall revenue gains. Like Costco, many warehouse clubs and supercentres retail fuel at industry-relevant gas stations. As the price of crude oil grew, warehouse clubs and supercentres were forced to boost gasoline prices, discouraging consumers from driving as much. In addition, the gain in oil prices has hurt profitability, which is heavily affected by transportation costs. Since warehouse clubs and supercentres buy in bulk and source many of their goods from overseas manufacturers, they incur high transportation costs. Warehouse clubs and supercentres will continue growing as consumer spending and the total population expand, providing additional demand for bulk purchases. However, the increasingly saturated market will promote stiff competition from online retailers. Online competition will pose the greatest threat to the industry as retailers like Amazon expand their consumer bases because of their convenience and ability to offer low prices. Warehouse clubs and supercenters will continue to invest in online shopping initiatives and technology to improve the consumer experience. Overall, industry revenue is expected to swell at a CAGR of 2.9% to $77.3 billion through the end of 2029.

This statistic depicts the sales of the leading retailers in the United States in 2023. Walmart was the leading retailer in the United States with about 635 billion U.S. dollars worth of sales that year.

Costco is headquartered in the U.S. and is a large retailer operating warehouse club stores around the world. Canada’s most populous province of Ontario was home to 41 Costco warehouses in Canada as of December 2024, whilst there was just one warehouse in Newfoundland and Labrador. The warehouse club business model Warehouse clubs offer a more limited range of products than a traditional supermarket and aim to attract shoppers who wish to save money by buying in bulk. Shoppers must become a member and pay a fee to be able to shop in Costco’s warehouses. Close to 137 million people worldwide were Costco members in 2024. There are different tiers of membership, all of which enable members to use any Costco warehouse worldwide and online. Other warehouse club retailers with stores in Canada include Sam’s Club and BJ’s wholesale. Brick-and-mortar reigns over e-commerce Costco offers an online shopping service, which can be a convenient and time-saving shopping option; however, the majority of Canadian consumers still spend more on groceries in-store than online. The main reasons preventing consumers from buying groceries online include a lack of interest and shipping and service costs.

In 2024, Sam's Club scored highest on the consumer satisfaction index for department and discount stores in the United States with a rating of **, seven points above the average rating of **. The index score is based on a 100-point scale. What is Sam’s Club? Comparable to Costco, Sam’s Club is a membership-only warehouse store, selling everything from groceries to books, video games, and furniture. Sam’s club is also a division of the Walmart corporation. The most active warehouse club in the United States As of November 2024, Sam’s Club was the warehouse club with the highest number of monthly active users in the United States. Costco, however, was not far behind. Additionally, according to Statista’s Consumer Insights Global survey, young people (aged 18 to 29) shop at Costco more regularly than the same age group at Sam’s Club.

When it comes to grocery shopping at Costco in the United States, ** percent of 18 - 29 year olds do so in the U.S. This is according to exclusive insights from the Consumer Insights Global survey which shows that ** percent of 30 - 49 year old consumers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than ********* interviews.

Costco is an U.S. based big-box retailer and wholesale company that operates on a membership-only basis. According to estimates, the company's net sales reached *** billion U.S. dollars in 2020, and was predicted to reach over *** billion U.S. dollars by 2026.