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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.
    • By TIM RINALDI
    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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