12 mind-blowing facts about Costco's business

(Joe Burbank/Orlando Sentinel/TNS via Getty Images)As of 2018, there were 762 Costco warehouse stores around the world.

Costco is commonly labelled as a retailer with a cultlike following.

But the company is far from a sleeper hit with consumers.

Read more: Here’s what Costco workers are actually looking for when they check your receipt at the exit

Since launching in 1983, Costco has expanded to become a global powerhouse in the retail business.

The company’s 2018 10-K form filed with the Securities and Exchange Commission provides plenty of hard facts demonstrating Costco’s mind-boggling scale.

Here are a few mind-blowing facts about Costco:

As of September 2, 2018, Costco ran 762 warehouses around the world …

Source: Costco

… and boasted locations in 11 countries.

Justin Sullivan/Getty Images

Source: Costco

Costco assigns special significance to its US and Canadian operations, revealing that those two regions “comprised 87% and 83% of net sales and operating income in 2018.”

Source: Costco

When it comes to overall financial significance, California is king in Costco’s eyes. The retailer reported that its California operations generated 30% of its US net sales in 2018.

Kevork Djansezian/Getty Images

Source: Costco

The average Costco sprawls across 145,000 square feet, although the retailer estimates that its newer warehouses are “slightly larger.”

Michele Eve Sandberg/AFP/Getty Images

Source: Costco

Altogether, Costco offered shoppers “110.7 million square feet of operating floor space” around the globe in fiscal 2018 …

Source: Costco

… including 77.5 million square feet in the US …


Source: Costco

… and 13.9 million square feet in Canada.

Source: Costco

Costco also ran 567 gas stations around the world by the close of 2018.

Source: Costco

When it comes to member satisfaction, Costco US boasts a 90% membership-renewal rate, while Canada’s rate held at 88% in 2018.

Rick Bowmer/AP Photos

Source: Costco

In 2018, Costco employed a labour force of 245,000 full-time and part-time workers.

Source: Costco

Craig Jelinek is the president and CEO of Costco. Although he was first appointed CEO in 2012, Jelinek has worked as an executive officer at the company since 1995.

Source: Costco

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