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.

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.

In 2024, Costco generated ***** billion U.S. dollars in revenue from their operations in the United States. In Canada and through its international ventures the company generated **** billion and **** billion U.S. dollars, respectively. Costco Wholesale CorporationCostco 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. 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. The company operates warehouse clubs in a number of countries around the world. However, the vast majority of the retailer’s warehouses are still located in their home market of the United States. Costco Customers Costco stands out among numerous mass merchants by requiring customers to pay a yearly membership fee in order to shop at its locations. In 2023, the majority of Costco’s American customer base fell within the age range of 18 to 49 years. The company takes pride in achieving the highest customer satisfaction rating among all department and discount stores in the same period.

costco.com, operated by Costco Wholesale Corporation, is an online store with nationally-focused sales. Its e-commerce net sales are generated almost entirely in the United States. With regards to the product range, costco.com is an all-round online store, with products on offer that cover different categories, such as “Toys, Hobby & DIY”, “Furniture & Appliances” as well as “Food & Personal Care”. The online store was launched in 1998.

In fiscal year 2024, Costco Wholesale Corporation's revenue by segment (products & services) are as follows: Food and Sundries: $101.46 B, Fresh Food: $34.22 B, Membership: $4.83 B, Non-Foods: $63.97 B, Other: $49.97 B.

The net income of Costco Wholesale with headquarters in the United States amounted to **** billion U.S. dollars in 2024. The reported fiscal year ends on September 1.Compared to the earliest depicted value from 2020 this is a total increase by approximately **** billion U.S. dollars. The trend from 2020 to 2024 shows, furthermore, that this increase happened continuously.

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.

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.

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.

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.

The revenue of Costco, the American retailer operating warehouse club stores, has gradually risen year-on-year in Canada reaching approximately ** billion U.S. dollars in 2024's fiscal year. This is an increase of over ** billion dollars since 2015. 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 *** million people worldwide were Costco members in 2023. 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. Costco in Canada The number of Costco locations has risen in line with revenue in Canada – there were *** Costco warehouses in 2024, ** warehouses more than in 2015. Ontario, Canada’s most populous province, was home to ** warehouses in that year, followed by Quebec with ** stores.

In the fiscal year ended January 31, 2024, Walmart's revenue amounted to approximately *** billion U.S. dollars worldwide. Compared to a year earlier, the retailer's revenue increased by *** percent. Walmart, formerly known as Wal-Mart Stores, Inc., is one of the most well-known and valuable brands in the world. The company operates discount stores, supercenters, and neighborhood markets globally. Powerhouse of retail in both domestic and international markets Walmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart’s strongest segment, in terms of revenue, is Walmart U.S., which operates retail stores in the company’s domestic market of the United States. This segment also includes Walmart’s U.S. eCommerce website: walmart.com. The company’s Walmart International and Sam’s Club business divisions operate globally generating revenue through retail, wholesale, membership club, and online product sales. How do other leading retailers compare to Walmart, in terms of sales revenue? Walmart is far ahead of its rivals in the global fast moving consumer goods sector, with nearly double the retail sales of its closest competitors. In terms of historic sales revenue, Amazon and Costco have also witnessed the steady growth experienced by Walmart over the past number of years.

In 2024, total retail and food service sales reached **** trillion U.S. dollars for the first time in the United States. This is more than **** times the sales numbers that were generated in 1992, not adjusting for inflation. Leading retailers and store types In 2023, the leading food and grocery retailer in the United States was by far Walmart, which generated sales numbers of close to *** billion U.S. dollars that year. The Kroger Co., Costco Wholesale Club, and Ahold Delhaize were also among the top U.S. retailers. With a grocery market share of almost ** percent, the supermarket was the top store type in 2018. The warehouse clubs and superstores category stood in second place, accounting for almost a quarter of the U.S. market. Consumer habits The American consumer made an average of a little more than *** and a half trips to the grocery store per week in 2023. The average amount of trips has noticeably decreased, compared to a decade earlier. In recent times, online grocery shopping has also become an option for consumers. The concept is projected to grow considerably in the coming years, reaching roughly *** billion U.S. dollars’ worth of sales numbers in the United States by 2024.

Year over year comparable sales of Sam’s Club grew by 2.3 percent in fiscal year 2024 when compared to the previous period. This was one of the lowest growths in the reported period. Sam’s Club, a business division of Walmart, operates globally generating revenue through retail, wholesale, membership club, and online product sales. What kind of retailer is Sam’s Club? Sam’s Club is an American chain of membership-only retail warehouse clubs, which operates in the United States and Puerto Rico. 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 Sam’s Club. Costco is another example of a retailer operating within the warehouse club retailer model internationally. Who are the competitors of Sam’s Club? Costco and BJ’s Wholesale Club are two of the most prominent warehouse club retailers in the United States. Costco and BJ’s Wholesale Club feature in the ranking of leading American retailers, however both are behind Walmart who tops the listing.

How high is the brand awareness of Costco in the UK?When it comes to grocery store customers, brand awareness of Costco is at **% in the UK. The survey was conducted using the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name.How popular is Costco in the UK?In total, **% of UK grocery store customers say they like Costco.What is the usage share of Costco in the UK?All in all, **% of grocery store customers in the UK use Costco.How loyal are the customers of Costco?Around **% of grocery store customers in the UK say they are likely to use Costco again.What's the buzz around Costco in the UK?In June 2024, about *% of UK grocery store customers had heard about Costco in the media, on social media, or in advertising over the past three months, meaning at the time of the survey there was little to no buzz around Costco in the UK.

In 2024, holiday retail sales in the United States were forecast to reach about ***** billion U.S. dollars. This figure was given as a conservative value; retail sales over the holiday season was projected to be between ***** billion U.S. dollars to *** billion U.S. dollars in 2024. Holiday retail sales have risen substantially since the turn of the century, with holiday retail sales amounting to approximately *** billion U.S. dollars back in 2002. Holiday retail sales are a fraction of total retail sales in the United States which were around ************** U.S. dollars in 2023. Holiday season e-commerce is also on the rise, with increasing numbers of retailers and consumers going digital. What makes up the winter holiday season in the United States? The winter holiday season includes shopping occasions such as Thanksgiving weekend - which is made up of Black Friday, Small Business Saturday, and Cyber Monday, Super Saturday – the last Saturday before Christmas, and Christmas itself. Thanksgiving weekend is a very popular time for consumers to partake in holiday shopping. In 2022, over *** million U.S. consumers shopped on Black Friday. Leading companies in U.S. retail The domestic retail market in the United States is very competitive, with many companies recording substantial retail sales. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

According to estimates, Amazon claimed the top spot among online retailers in the United States in 2023, capturing 37.6 percent of the market. Second place was occupied by the e-commerce site of the retail chain Walmart, with a 6.4 percent market share, followed in third place by Apple, with 3.6 percent.

Amazon’s continued success

Amazon has long dominated the e-commerce market as the world’s favorite online marketplace. In 2022, company hit over half a trillion U.S. dollars in net sales. The United States is by far Amazon’s most profitable market, as the U.S. branch generated over 356 billion U.S. dollars in sales in 2022. Germany ranked second, with 33 billion dollars, followed closely by the United Kingdom with 30 billion dollars.

Online shopping on the rise

Online shopping has grown significantly over the past decade, with more people turning to the internet for their shopping needs. The proof is in the numbers: the U.S. e-commerce industry was worth almost a trillion dollars in 2023. By 2027, forecasts show that the online market will grow to more than 50 percent. U.S. online shoppers purchase fashion and food and beverages the most via the internet.

At least since 2006, Walmart have had a stable gross profit margin. In fiscal year 2024, the retailer's global profit margin amounted to 23.7 percent. Walmart deals in a wide variety of products, such as groceries, apparel, furniture, home appliances, and electronics. Walmart, formerly known as Wal-Mart Stores, Inc., is one of the most well-known and valuable brands in the world. Leading retailer in the world Walmart is the largest retailer in the world. The company has discount stores, supercenters, and neighborhood markets all around the world. The company operates through three distinct business segments: Walmart U.S., Walmart International, and Sam’s Club. Walmart is far ahead of its rivals in the global fast-moving consumer goods sector, with nearly double the retail sales of its closest competitors. How do other leading retailers compare to Walmart, in terms of gross profit margin? Gross profit margin shows a company’s profitability by showing the profit left over when cost of goods sold are deducted from net sales. This figure is typically given as a percentage of sales. Costco and Kroger are two of Walmart’s leading competitors. Historically, both companies have had a lower gross margin than Walmart.

In 2024, retail e-commerce in Canada was forecast to generate over **** billion U.S. dollars in revenues. According to estimates, this figure is projected to increase to *** billion U.S. dollars by 2029. Successful e-commerce segments in Canada Canada's booming e-commerce sector owes more than half of its retail sales to two particularly lucrative segments: fashion and electronics, which captured ** and ** percent of all e-commerce retail sales in Canada in 2022, respectively. With nearly ** billion U.S. dollars in e-commerce net sales, Amazon was the leading online store in Canada in 2021, outperforming competitors like Walmart and Costco by an impressive margin. Ranking second, walmart.ca generated around **** billion U.S. dollars in e-commerce net sales that year. Fashion leads the way Fashion proved to be a successful e-commerce segment in many countries around the world, and Canada was no exception, as the most popular online stores in the fashion segment raked in millions of dollars in e-commerce net sales, led by gapcanada.ca with *** million U.S. dollars in 2021. Like many other countries in the world, Canada's fashion e-commerce sector was also disrupted by a Chinese newcomer that catapulted itself to the centerstage of the fast fashion world: Shein was the most downloaded fashion and beauty shopping app in Canada in June 2022, with its ******* monthly downloads overshadowing those of competitors. In comparison, long-established fast fashion titan Zara only amassed ****** downloads that same month.

Global retail sales were projected to amount to around **** trillion U.S. dollars by 2026, up from approximately **** trillion U.S. dollars in 2021. The retail industry encompasses the journey of a good or service. This typically starts with the manufacturing of a product and ends with said product being purchased by a consumer from a retailer. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores. American retailers worldwide As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail. Retail in the U.S. The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.