Costco Today
In the United States, the main competitors operating membership warehouses are Sam's Club and BJ's Wholesale Club. Although Sam's Club has more warehouses than Costco, Costco has higher total sales volume. Costco employs about 142,000 full and part-time employees, including seasonal workers. As of September 2009, Costco had 55 million members.
Costco was the first company to grow from zero to $3 billion in sales in less than six years. For the fiscal year ending on August 31, 2011, the company's sales totaled $88.915 billion, with $1.462 billion net profit. Costco is 24th on the 2012 Fortune 500. The ACSI (The American Customer Satisfaction Index) named Costco number one in the specialty retail store industry with a score of 83 in Q4 2008.
As of September 2010, Costco's board of directors is chaired by co-founder Jeffrey H. Brotman and includes three officers of the company: CEO/co-founder James D. Sinegal, President/COO W. Craig Jelinek, and CFO Richard A. Galanti. There are also eleven independent directors: Hamilton E. James (the "Lead Independent Director"), Benjamin S. Carson, Sr., Susan Decker, Richard D. DiCerchio, Daniel J. Evans, William H. Gates, Sr., Richard M. Libenson, John W. Meisenbach, Charles T. Munger, Jeff Raikes, and Jill Ruckelshaus.
In the United States, Costco is closed on seven holidays: New Year's Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas.
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