The following highlights are based on Costco's fiscal year
• 1976
o Sol & Robert Price raise $2.5 million from friends and family to open Price Club on July 12th, the first warehouse club for business shoppers only. The warehouse was located in a remodelled airplane hangar on Morena Boulevard in San Diego, California.
• 1979
o After a $750,000 loss the first year of operation, Price Club now has two locations, 900 employees, 200,000 members, and a profit of $1 million dollars.
• 1980
o The Price Company offers public stock on July 12th.
• 1982
o Jeff Brotman and Jim Sinegal meet and draw up plans to start a new wholesale club business.
• 1983
o The first Costco warehouse opens in September in Seattle, Washington.
o By the end of the year two, additional locations had opened in Portland, Oregon and Spokane, Washington.
• 1984
o The fourth Costco warehouse opens in Salt Lake City, Utah
o By calendar year-end, there were nine Costco's in five states, serving over 200,000 members.
o Price Club sales exceed $1 billion.
o The Price Company stock splits 2-for-1 on June 13th.
• 1985
o Costco offers public stock on December 5th.
o Costco's first hot dog cart opens. The price for a hot dog and a soda is $1.50.
o Costco opens it's first Canadian warehouse in Burnaby, British Columbia.
• 1986
o Price Club is 10 years old and is named the Forbes Magazine's "Best Managed Company".
o The company has 22 locations, 3.2 million members, and 7,294 employees.
o Costco is three years old and has 17 locations, 1.3 million members, and 3,740 employees.
o Costco's first Pharmacy opens in Portland, Oregon and the Tukwila, WA warehouse becomes the house of the company's first fresh meat department.
o The Price Company Stock splits 2-for-1 on February 4th.
• 1987
o Costco opens it's first produce and bakery departments.
o Both Price Club and Costco open their first Optical Labs.
• 1988
o Costco closed Mid West Division and focused on East & West Coast markets.
• 1989
o Costco begins the year with 46 warehouses in operation.
o The Price Company is the third most profitable company in the United States.
o The first 1-Hour Photo opens in the Chula Vista warehouse in December.
• 1991
o Costco Stock splits 2-for-1 on May 16th.
• 1992
o The first Price Club in Mexico City opens.
o Costco's stock splits 3-for-2 on March 9th.
o In December Costco opens it's 100th warehouse in Miami Lakes, Florida.
• 1993
o Costco celebrates its 10th anniversary in September.
o Shareholders approve the merger of Price Company and Costco.
o PriceCostco is formed and opens its first warehouse in the United Kingdom in West Thurrock, Essex, England
• 1994
o The first Asia Costco opens in Seoul, Korea.
o First Hearing Aid Center opens.
o Price Enterprises spin-off in December.
• 1995
o The 200th location opens in Wenatchee, Washington.
o The first gas station opens in Tucson, Arizona.
o Kirkland Signature, Costco's exclusive private label, is introduced.
• 1997
o The company officially changes it's name from PriceCostco to Costco Companies, Inc.
o The first Taiwan Costco opens in Kaohsiung.
o Executive Membership is introduced.
• 1998
o Costco opens five locations in Detroit, Michigan on the same day.
o E-Commerce at Costco.com brings Costco prices and services to the internet.
• 1999
o The first Japan warehouse opens in Hisayama.
o Special order kiosk introduced.
o The Costco American Express co-branded membership credit card is introduced.
o The average annual sales per warehouse reaches $100 million.
o The Company changes it's name to Costco Wholesale Corporation on August 30th.
• 2000
o The 2% reward program is initiated, increasing Executive Member value even more.
o Costco opens its Travel Business.
o Costco's stock splits 2-for-1 on January 14th.
o Costco opens two locations in Texas.
• 2001
o In July, the Company celebrates its 25th anniversary.
o Costco consolidates it's Canadian operations to a new regional office in Ottawa, Ontario
• 2002
o Costco enters Kansas and Indiana bringing the total number of states with operations to 36.
o Costco enters Puerto Rico with two units opened in November 2001.
o Costco finishes the fiscal year with 40.5 million cardholders and 98,000 employees worldwide.
o The Costco hot dog and soda is still priced at $1.50
• 2003
o Costco Home opened in Kirkland, WA in December 2002.
o Costco.com generated sales of $226 million.
o Average annual sales per warehouse was $105 million.
o 24 new Costco locations were opened
• 2004
o True Earnings credit card from Costco and American Express is introduced.
o Costco is the 5th largest retailer in the U.S. and 11th largest in the world.
o Fortune Magazine lists Costco 29th on the Fortune 500.
o Costco Enters Iowa bringing the total number of states with operations to 37.
• 2005
o Costco opened second Home store in Tempe, AZ in October 2004.
o Costco.ca (equivalent of Costco.com in the U.S.) is launched for Canadian members in February 2005.
o 25 warehouses exceed annual sales of $200 million, with one warehouse that exceeded $300 million.
o 63 million hot dog & soda combinations were sold.
o Over 57,000 vacation packages were booked through Costco Travel.
• 2006
o Costco opened it's first car wash facility at Seattle, WA on April 26, 2006.
o Costco was named one of the "most admired" companies by Fortune magazine.
o Costco Optical Center received the National Vision Retailers award for highest customer satisfaction from J.D. Power and Associates.
o Introduced over 200 generic prescription medications in a 100 ct. for $10 or less.
o Opened 27 new locations (US - 20, CN - 3, UK - 2, MX - 2) for a year-end total of 487.
o Over 30 million rotisserie chickens were sold company wide.
• 2007
o The typical Costco location generated sales of $130 million.
o Costco was named one of the "most admired" companies by Fortune Magazine for a second consecutive year.
o 550 Costco employees graduated college.
o The current annual dividend is $.58 per share.
o Costco.com exceeds $1 billion in sales on the year.
• 2008
o Costco opens office in Sydney, Australia.
• 2009
o Costco opens first warehouse in Melbourne, Australia.
• 2011
o Costco Australia expands nationally with the opening of two warehouses:
o Costco Auburn, in Sydney's West, opened 21 July, 2011.
o Costco Canberra, opened 22 July, 2011.
• 2013
o Costco opens two warehouses a day apart in Melbourne and Sydney in November.
• 2014
o Costco expands into Brisbane and Adelaide, bringing the number of warehouses to seven.
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