the North American Warehouse Clubs As of 2010 the nearly $215 billion discount warehouse and wholesale club segment within the North American retailing industry consisted of three major competitors (Thompson, C55-73). These competitors included Costco Wholesale, Sam’s Club which is also a Wal-Mart subsidiary, and BJ’s Wholesale Club. All three of these warehouse clubs also competed with a wide range of other types of retailers such as retailer discounters like Wal-Mart and Dollar General, general
Words: 1918 - Pages: 8
2015 Craig Jelinek's personality Craig Jelinek has been with Costco team since 1984, and he has done various jobs in those years. He is dedicated to Costco and what the company represents. He became the President of Costco in 2012. If something works don’t change it as in the $1.50 Costco hot dog deal. He worked with the previous President Jim Sinegal and learned about business management from him. Jelinek’s knows Costco culture and what has worked with its employees and customers. He
Words: 723 - Pages: 3
and membership warehouse clubs (Sam’s Clubs) during the 1980s. In 1983, the company opened Sam’s Wholesale Club, a concept based on the successful cash-and-carry, membership-only warehouse format pioneered by the Price Company of California (now Costco Wholesale Corporation) In 1992 Wal-Mart started expending to the international market, they entered Mexico in 1992 through
Words: 3536 - Pages: 15
customers have to budget shop, while Costcos tend to be located in wealthier suburbs, where customers have the luxury of choosing to budget shop. One (Costco) offers less selection and better quality, while the other (Sam’s club) offers more selection and a little less quality. One (Costco) is the biggest seller of fine wines and the other (Sam’s Club) is part of the company that is the biggest seller of well, everything. From a budget fashion perspective, Costco is obviously the better choice for
Words: 293 - Pages: 2
BLOOMBERG BUSINESSWEEK CASE IN THE NEWS [LO 1-1, 1-2, 1-3, 1-6] Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World Joe Carcello has a great job. The 59-year-old has an annual salary of $52,700, gets five weeks of vacation a year, and is looking forward to retiring on the sizable nest egg in his 401(k), which his employer augments with matching funds. After 26 years at his company, he's not worried about layoffs. In 2009, as the recession deepened, his bosses handed out
Words: 2010 - Pages: 9
became Vice-President of Merchandising and Operations at FedMart. He also held several executive positions within other companies up until 1983. Having held several executive positions, what Jim Sinegal is most known for is that in 1983 he co-founded Costco and was the president and CEO until he retired in January 2012. As CEO, Jim Sinegal believed in taking care of his employees. He also believed in treating his customers just as good as he did his employees. It was said that he was far more
Words: 942 - Pages: 4
Costco is one of the largest retailers in the world organized in membership warehouse club store. With the domestic market becoming matured and saturated, entering emerging market for company’s long term development might be a choice. Considering China is the fastest growing country with economic growth of 8% in the world, and during the "12th-five year plan" period, the scale of retail sales maintaining stable growth to an average annual growth rate of 15%, and China has surpassed the United States
Words: 497 - Pages: 2
executive vice president for Price club, left from Price Club and went to create Costco Wholesale Corporation in 1983. Costco’s marketing and distribution copied from Price’s designs. This is where the kirkland signature brand came into play. By 1988, Costco became Price’s biggest competitor, with expansions reaching Canada and profits amounting to $2 billion. In 1993, when competition threatened both Price Club and Costco Wholesale, the two companies decided to be come partnerts. after Price’s earnings
Words: 381 - Pages: 2
wallmartWAL-MART GLOBAL STRATERGY Wall mart has its four large scale formats: * Wal-Mart Stores * Wal-Mart Supercenters * Sam's Club * McLane's Company * Wal-Mart International During late 1980s wall mart started its expansion in Mexico, Canada, Argentina, Hong Kong, and Brazil. The company considered that with a prospective of market globalization, the brand, “Wal-Mart,” could be a competitive advantage in many countries where it would operate. The company also decided that
Words: 682 - Pages: 3
billion higher than the revenue for 2012 (BussinessWeek Earnings, 2012). The total return to investors in 2009 was 45.7%. Ross Stores is ranked fifteen in regard to revenues in millions among some of the other specialty retail competitors such as Costco Wholesale, Gap, BJ’s Wholesale Club, Bed Bath & Beyond, Home Depot, Staples, Best Buy and so on. They are currently ranked 299 in the Fortune 500 category in 2012 (CNN, 2012). Works Cited BusinessWeek Financials. (2012, 08 25). Retrieved
Words: 272 - Pages: 2
