Get Quote: COST
Financials: Latest Results
Rank: 24 (Previous rank: 29)
Compare tool: Costco Wholesale vs. Top 10 CEO: James D. Sinegal Address: 999 Lake Dr. Issaquah, WA 98027 Phone: 425-313-8100 Website: www.costco.com The recession has been kinder to Costco than it has to most retailers. While sales of big-ticket items have suffered, Costco has done well with its low-priced clothing and food, especially its in-house Kirkland brand (and those cheap and addictive roast chickens).
CEO Jim Sinegal is taking advantage of the down market to acquire real estate at better prices and in better locations than was possible before the bust. Costco has more than 550 locations and plans to add 25 to 30 in 2009. Still, the competition including Sam's Club and BJ's Wholesale Club will be doing the same, and the recession could dampen consumer spending even further. - M.C. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Industry: Specialty Retailers
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