Costco Wholesale Corporation is a membership-only warehouse club that warehouse club provides a wide selection of merchandise. As of July 2012 [update],

Slides:



Advertisements
Similar presentations
UNIT C THE BUSINESS OF FASHION 3.03 Identify the types of fashion retailers.
Advertisements

Worlds biggest retailer Sells Grocery & General Merchandise One Hour Photo Studio Pharmacy & Optical Centre Tire & Lube Express Gasoline station Fast.
Managerial Economics Questions
Retailing and Wholesaling
© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
KEY TERMS UNIT 4 (DISTRIBUTION) Marketing. GETTING PRODUCTS TO THE CUSTOMERS; HELPING CUSTOMERS FIND AND GET PRODUCTS. Distribution (Place) #1 SHOWNEXT.
Food Retailing AG BM 102. Introduction Major interface with the customer – 2/3 of all food Place where customer shows preferences A sector in transition.
The first store was opened in Seattle, Washington in Costco’s mission is to continually provide their members with quality goods & services at the.
Sales Levels for US Retail Channels Non-s easonal Trends January 1993 to March 2007.
Chapter 13 Retailing and Wholesaling. What is Retailing? Includes all the activities Involved in Selling Goods or Services Directly to Final Consumers.
Distribution Channels Lesson 4.1. The Distribution Function “Marketing” relatively new term…only used in last 50 – 60 years. Prior to “marketing,” companies.
RETAIL MANAGEMENT AN INTRODUCTION.
Types of Retailers.
Retailer Characteristics  type of merchandise sold  variety and assortment of merchandise  level of customer service  price of the merchandise.
Who is the largest retail marketer of fresh flowers in the US? Kroger.
Retailing and Wholesaling What is Retailing? Retailing includes all the activities involved in selling products or services directly to final.
Chapter 2 Types of Retailers.
Retailing Management Costco Emer, Orlando, Cook.
Retailing and Wholesaling
Retailing Chapter 15. Retailing Definition Definition Facts Facts Employs 25 million people (11.6% of US employment) Employs 25 million people (11.6%
Components of the Distribution Channel Wholesalers Retailers
Types of Retailers Determined by NAICS (North American Industry Classification System) Used in Mexico US, and Canada Determined by what type of product.
Company Profile S.W.O.T. Analysis Competitors Firm’s Position / Core Issue Business Level Strategy References.
RETAIL MANAGEMENT UNIT -II. Customer orientation - The retailer determines the attributes & needs of its customers & endeavors (take action) to satisfy.
McGraw-Hill/Irwin Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved. Marketing Dhruv Grewal Michael Levy Chapter 16 Retailing.
LESSON 1.1 RETAIL BUSINESSES
Back to Table of Contents pp Chapter 22 Making Consumer Decisions.
Retailing Includes the business activities involved with the sale of goods and service to the final consumer for personal, family, or household use Final.
Shopping Smart Module 2: Conducting a Shopping Analysis.
“Hit’em where they ain’t” David Sampson Aaron Swanson Pearl Sotelo youtube.com/results?search_query=costco+comedy.
Classification Organization to track competition.
Aj-Kulachatr Chatrakul Na Ayudhaya GodZillas Break into Thailand Bombing in the central of cluster province Continue expanding very fast Location.
Managing Retailing, Wholesaling and Logistics
Richard Hollinger, Ph.D. Security Research Project 2005 National Retail Security Survey: Preliminary Report.
Value The Key to Differentiation The Central Idea in Strategy © 2009: James H. Biteman, DBA.
What is a BRAND? Name, term, design or symbol that identifies a business or organization and its’ products.
Bell work Solve. Round to tenth as needed. 1)What is 75% of $82? 2)What is 42% of $170? 3)What is 5.5% of $24? 4)What is 80% of $15.99?
Daniel Bernards Austin Hutcheson Nicole Stefanek.
By Jennifer Hill. Private – Label brands, also called store brands, house brands, or own brands, are products developed by retailers. In many cases, retailers.
Business in Action 6e Bovée/Thill Distribution and Marketing Logistics Chapter 15.
Classification of Retail Formats based on Merchandise Offered
Sales Levels for U.S. Retail Channels Non-s easonal Trends January 1993 to March 2007 Copyright © 2007, Global Insight, Inc.
James Kidwell Brad Granger Ashley Kerekanich
By Charlene Chen Margarita Garcia Rattama Valdez
UNIT C THE BUSINESS OF FASHION 3.03 Identify the types of fashion retailers.
Chapter 13 Retailers. Fashion From Concept to Consumer, 8/e© 2005 Pearson Education, Inc. Gini Frings Upper Saddle River, New Jersey The Retailing.
Costco Sarah Casavan Kati McCoy Janelle Powell. Overview  As of Sept. 2006: Operated 458 Warehouse clubs  358 in the US (37 states and Puerto Rico)
PRESENT BY: CAROL, LYNN,MILANA & ORALIA introducing WALMART.
Section % of what number is 75? 2. What percent of 25 is 4? 3. If you buy a shirt that was originally $45 but it is on clearance for 25% off,
Aspects of the placement decision
1 Consumer Skills Chapter Planning Purchases Smaller purchases need no planning More expensive purchases require a plan.
1 Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved Chapter 13Retailing Prepared by Deborah Baker Texas Christian University.
Costco By: Kong, Damion, Ismenia, and Judy. History Costco Wholesale has began in 1983 in Seattle, Washington. October 1993, Costco has merged with The.
[ Business Solutions ] 663 Brea Canyon RD. #1 Walnut, CA TEL: (213) FAX: (213)
Types of Retailers.
Markup – the amount of money a store increases the price of the goods above what they pay for it. Wholesale price – the amount of money a store pays for.
THE BUSINESS OF FASHION 3.03 Identify the types of fashion retailers.
3rd ICP Workshop for 2011 Round for Western Asia
Costco Wholesale Motivation strategies
Retailing Aim: How do retailers set themselves apart, even though they do not produce products? Do Now: Describe your favorite department store. Why.
About Restore Habitat for Humanity ReStores are nonprofit home improvement stores and donation centers that sell new and gently used furniture, home accessories,
Types of retail clothing stores
MARKETING MANAGEMENT 12th edition
Natural Food Retailers in the Pink…and the Green
Steps to start your women’s wholesale fashion marketplace
Retailing and Wholesaling
Marketing: Providing Value to Customers
Big Box Is Big Business According to Fung Global Retail & Tech’s Warehouse Club report, Costco is by far the biggest player in the warehouse club industry,
Types of Retailers Aim: How are stores classified by prices and product lines? Do Now: List the different classifications of retailers. Where do you.
Chapter 5.
Presentation transcript:

Costco Wholesale Corporation is a membership-only warehouse club that warehouse club provides a wide selection of merchandise. As of July 2012 [update], it is the second [update] largest retailer in the United States, the seventh largest retailer in the world and the largest membership warehouse club chain in the United States. [ Founded by James (Jim) Sinegal and Jeffrey H. Brotman, Costco opened its first warehouse in Seattle, Washington, on September 15, 1983.James (Jim) SinegalJeffrey H. BrotmanSeattle, Washington

Over the years, Costco has gradually expanded its range of products andservices. Initially it preferred to sell only boxed products that could be dispensed by simply tearing the stretch wrap off a pallet. It now sells many other products that are more difficult to handle, such as fresh produce,produce meat, dairy, seafood, fresh baked goods, flowers, clothing, books, computerbaked goods software, vacuums, home appliances, home electronics, solar panels, jewelry,vacuumshome applianceshome electronicssolar panelsjewelry tires, art, fine wine, hot tubs, furniture and caskets. Many warehouses havehot tubscaskets tire garages, pharmacies, hearing aid centers, optometrists,photoprocessors, and gas stations.garagespharmacieshearing aid optometristsphotoprocessorsgas stations

Costco introduced Kirkland Signature as its house brand in The idea was to identify categories in which a private label product could provide brand name quality at discounted prices. To counteract the consumer confidence problem common in store branding, Kirkland Signature sometimes relies on co-branding. According to Costco, while consumers may be wary of same- store-branding, they are less likely to be wary of brands that they are familiar with and trust.co-branding