Download Costco Logo — Founded by James Sinegal and Jeffrey Brotman, Costco opened its first store in Seattle , Washington , on September 15th of 1983 . Sinegal had started in retail working for “Price Sun,” both “FedMart” and “Price Club “. Brotman, an attorney from an ancient family of retail in Seattle, was also involved in retailing from an early age. In 1992 , through a partnership of Price Club and Comercial Mexicana controller opens the first branch Price Club in Mexico, Ciudad Satelite, north of Mexico City.
Costco Logo
In 1993 , Costco merged with Price Club (called ‘Price Club’ in the Canadian province of Quebec ). Costco in size and business model is similar to Price Club, which was founded by Sol and Robert Price in 1976 in San Diego California . Therefore, the combined company, PriceCostco, was effectively double the size of each of their parents. Just after the merger, there were 206 places PriceCostco generating $ 16 billion in annual sales. PriceCostco was initially led by executives of both companies, but then Sol and his son Robert Price founded Price companies and made it 1994 . More