Costco
American multinational membership-only warehouse club chain
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January 2025 | The Teamsters union representing over 18,000 Costco employees voted to strike, demanding fair wages and benefits. |
January 2025 | Planned transition of book sections to a seasonal inventory, with books becoming a rotating item for eight months and a full section only during the holiday shopping season. |
2024 | An appliance and furniture warehouse was opened in Anchorage, Alaska. |
2024 | Ron Vachris became the third chief executive officer in Costco's history, having risen from his original position as a forklift driver. |
2024 | Costco reaches 890 warehouses, records $254,453 million in revenue, and grows to 333,000 employees |
2024 | Ron Vachris reaffirmed Costco's commitment to maintaining the low price of the hot dog combo, continuing the tradition established by previous leadership. |
December 2024 | Costco reported plans to revert back to Coca-Cola products in early 2025. |
November 2024 | Costco agreed to maintain year-round book sections in 100 of its 600 mainland US warehouses, partially addressing concerns from the publishing industry. |
October 2024 | Costco opened its first warehouse in Napa, California, which attracted dedicated whiskey enthusiasts who camped out on the sidewalk six days before the opening, highlighting the company's strategy of featuring rare and uniquely priced alcoholic beverages during store openings. |
June 2024 | Publishing executives warned that Costco was planning to eliminate year-round book sections across its 600 mainland US warehouses, reducing book sales to a seasonal offering. |
May 2024 | New Costco CFO Gary Millerchip confirmed that the hot dog combo price remains 'safe', continuing the long-standing pricing strategy. |
2023 | The Kaohsiung Department of Health fined Costco NT12.5 million and temporarily barred them from selling mixed berries in Taiwan after Hepatitis A was detected in imported berry products. |
2023 | A Costco location in Norfolk, Virginia successfully unionized with the Teamsters, marking the first successful union drive in over twenty years. |
2023 | The Issaquah warehouse became the first US Costco store to offer in-house sushi. |
2023 | Company further expands to 871 warehouses, achieves $242,290 million in revenue, and employs 316,000 people |
2023 | Costco reported annual earnings of US$6.292 billion and total revenue of $242.29 billion for the fiscal year. |
October 2023 | Costco began selling one-ounce, 24-karat gold bars, offering them at approximately 2% above spot price with additional cash back incentives for executive members and certain credit card users. |
August 2023 | The Environment Agency of Iceland fined Costco ISK 20 million for a diesel spill that contaminated the Hafnarfjörður sewage system. |
July 2023 | Costco Australia paid $33,000 in penalties for mislabeling the origin of imported lobster products as Australian. |
June 2023 | In South Korea, Costco was fined 30 million won after an employee, Kim Dong Ho, died of heatstroke while working, with the Ministry of Employment and Labor finding workplace safety guidelines were not followed. |
June 2023 | Costco in Iceland opened click-and-collect alcohol sales, expanding its service offerings from business-only to include individual consumers. |
May 2023 | Diced onion returned as a topping in food courts. |
2022 | Costco quietly closed the year-round book sections in its Alaska and Hawaii warehouses, signaling a potential shift in their book retail strategy. |
2022 | Costco continues expansion, reaching 838 warehouses with revenue of $226,954 million and 304,000 employees |
2022 | Costco CFO Richard Galanti publicly stated the company's intention to keep the hot dog combo price at $1.50 'forever'. |
November 2022 | Sam's Club reduced its hot dog and soda combo price to $1.38 in an attempt to compete with Costco's pricing. |
September 2022 | Costco opened its first warehouse in New Zealand in West Auckland, delayed from mid-August due to the economic impact of the COVID-19 pandemic. |
March 2022 | Costco began a new partnership with CIBC Mastercard for branded credit cards in Canada. |
2021 | Significant growth with revenue jumping to $195,929 million, 815 warehouses, and 288,000 employees |
June 2021 | All US Costco stores resumed product demonstrations. |
March 2021 | Costco launched an audiobook service with a dedicated iOS and Android app, offering audiobooks exclusively to Costco members, with books sold in genre and author bundles priced between $5 and $50, initially available only in US locations. |
March 2021 | A third Canadian Business Centre was established in the Gloucester neighborhood of Ottawa. |
February 2021 | Costco announced it would raise the starting rate for hourly store workers in the United States to $16 an hour. |
2020 | Capital One announced it would end its credit card partnership with Costco in Canada in late 2021. |
2020 | Cheeseburger test item was discontinued after spreading to only about a dozen locations. |
2020 | During the COVID-19 pandemic, Costco experienced significant online sales growth, with more digital sales in this year than in the previous five years combined. |
2020 | Despite COVID-19 pandemic, Costco increases revenue to $166,761 million and reaches 795 warehouses with 273,000 employees |
December 2020 | Costco announced a global policy to end the use of eggs from caged chickens, becoming the first US retailer to implement such a worldwide supply chain policy. |
October 2020 | Costco dropped Chaokoh coconut milk due to allegations of forced monkey labor, launching an investigation and ceasing purchases from the supplier. |
September 2020 | Costco stopped selling Palmetto Cheese after the brand's owner called Black Lives Matter a 'terror organization'. |
September 2020 | The second Canadian Costco Business Centre was opened in Saint-Hubert, Quebec, near Montreal. |
June 2020 | Costco began resuming product demonstrations at select stores. |
April 2020 | Club Demonstration Services (CDS) temporarily ceased operations and laid off employees. |
March 2020 | Diced onion was discontinued from the food court menu during menu changes. |
March 2020 | Product demonstrations at Costco stores in the United States were halted due to the COVID-19 pandemic. |
March 2020 | Diced onion was discontinued as a topping in food courts. |
March 2020 | Costco announced the acquisition of Innovel, a logistics company, for one billion dollars. |
2019 | The Ontario Ministry of Health fined Costco $CA7.2 million for pharmacies accepting advertising services from a generic drug manufacturer, which is illegal in Ontario. |
2019 | Costco continued raising its minimum wage to $15 per hour. |
2019 | Costco opened a factory in Nebraska to implement vertical integration in poultry production, aiming to maintain consistent chicken quality and pricing. |
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