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September 18, 2023

Costco celebrates 40 years of savings: the evolution of bulk shopping

  • In 1983, Jim Sinegal and Jeff Brotman opened the first Costco Wholesale in Seattle.
    Wealth of Geeks

    Photo by JetCity Image, via iStock
    By charging an annual membership fee, stores like Costco offer customers access to a slate of products at lower prices than traditional retail.

    The Costco Wholesale Corp. is celebrating its 40th birthday this month, marking a milestone for the company that widely introduced selling bulk items to consumers via giant box stores.

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