Costco Wholesale Business (often referred to as Costco) is a multinational business headquartered in the United States that operates a network of membership-only big-box retail stores (warehouse clubs).
Costco ranked sixth among worldwide retailers at the end of 2016, with organic items, rotisserie chicken, and wine leading the way.
In terms of total revenue, Costco was ranked tenth on the Fortune 500 list of the top companies in the United States in 2021. As of June 2022, Costco had 831 warehouses worldwide.
Who Are Major Costco Competitors?
Walmart
The firm is a worldwide retail organization established in Bentonville, Arkansas, that operates a nationwide network of hypermarkets (also known as supercenters) and discount department stores.
This firm was founded in 1962 in Rogers, Arkansas, and is associated with the Walton family.
The firm established a Delaware corporation on October 31, 1969. Sam’s Club also owns and runs a brand name shop under Walmart in Houston in addition to its retail warehouses.
As of April 30, 2022, Walmart operates 10,585 stores and clubs in 24 countries under 46 different names.
Refresh the nursery with a comfy new chair you’ll ❤️ every time you feed or snuggle with Baby (all the time, we know)! Shop recliners & lots more affordable new must haves: https://t.co/JAQ8gytpMv pic.twitter.com/MTdo5lvnbe
— Walmart (@Walmart) September 3, 2022
Amazon
On July 5, 1994, Jeff Bezos founded the company in Bellevue, Washington, USA. It provides e-commerce and cloud computing services, as well as digital streaming services and artificial intelligence.
This firm has been described as a “potent economic and cultural force,” and its brand is one of the most valuable in the world. Amazon’s revenue was 469.8 billion dollars in 2021.
Retail products, Amazon Prime, Consumer electronics, Digital content, Amazon Video, and many more services are supplied by Amazon.
Amazon: 15 Top Competitors And Alternatives
Target
Target Corporation, based in Minneapolis, Minnesota, is a worldwide retailer. As the ninth-largest retailer in the United States, it boasts a diversified product range.
Target was established in 1962 as a Dayton’s department store branch in Minneapolis. Target has 1,931 locations in the United States and is placed 37 on the Fortune 500 list of America’s most profitable companies for 2020.
Beauty and health products, bedding, apparel and accessories, gadgets, cuisine, furniture, toys, jewelry, and many more goods are available in the stores.
come see me https://t.co/ZzNhW1MiEh
— Target (@Target) July 21, 2022
Home Depot
Home Depot opened its doors in 1971 and is the country’s largest home improvement retailer. At Home Depot, customers may purchase tools, construction supplies, appliances, and services.
The corporation’s headquarters are in Cobb County, Georgia, and its postal address is in Atlanta. It may also be found in Canada’s ten provinces, Mexico’s 32 states, and Mexico City.
Additionally, they are legal in the District of Columbia, Guam, Puerto Rico, and the US Virgin Islands. Home Depot also owns Interline Brands (previously The Home Depot Pro), a distribution company with 70 locations across the US.
A pawsitively perfect way to spend this Sunday ?
?: archie_thegolden_pup on IG pic.twitter.com/xi8K0UpDsJ
— The Home Depot (@HomeDepot) August 28, 2022
Lowe’s
Lucius Smith Lowe founded Lowe’s Companies, Inc. on March 25, 1921, and it is an American home improvement retailer. The corporation, located in Mooresville, North Carolina, owns and runs a retail shop network across the United States and Canada.
Lowe’s and its affiliated firms had 2,197 stores in North America by the beginning of February 2021. Its revenue was 72.148 billion US dollars in 2020.
The Kroger Company
Kroger, founded in 1883 in Ohio, is one of the world’s largest grocery merchants. In the United States, the business runs 2,764 supermarkets in 35 states.
Kroger and online retailer Ocado partnered in 2018 to offer 20 automated fulfillment facilities, over 2,000 pickup sites, and 2,400 delivery locations by 2020. Kroger’s reach increased to 97 percent of its consumers, and sales increased by 11.5 percent year over year to $41.5 billion in Q1 2020.
Keep them smiling through the school year with this lunch box glow up, and make back to school lunches a breeze with more snack hacks. #BackToSchoolhttps://t.co/1lHCfWWp2M pic.twitter.com/eZIXTnXOht
— Kroger (@kroger) August 24, 2022
Sam’s Club
Sam’s West, Inc. is a warehouse club in the United States that is exclusively open to members. The company is named after Walmart founder Sam Walton and was founded in 1983.
By sales volume, Sam’s Club is the second-largest warehouse club, trailing only Costco Wholesale ($57.839 billion in the fiscal year 2019).
Sam’s Club is a Walmart subsidiary. It runs 600 membership warehouse clubs in 44 states, Puerto Rico, and the US Virgin Islands as of April 30, 2022.
Walgreens Boots Alliance (WBA)
Walgreens Boots Alliance, Inc. is a Deerfield, Illinois-based Anglo-Swiss-American holding corporation that owns the retail drugstore chains Walgreens and Boots and many pharmaceutical production and distribution firms.
In the fiscal year 2020, the company’s revenues increased by 2.5 percent to $139.5 billion, but net profit fell to $456 million. As of 2021, Walgreens Boots Alliance ranks 16th on the Fortune 500 list of the top American companies.
Walgreens Boots Alliance completes majority share acquisition of @CareCentrix, extending care capabilities into the home and creating a connected ecosystem for patients: https://t.co/3lI1fet40E #WeAreWBA pic.twitter.com/tZzU6c6Ry6
— Walgreens Boots Alliance (@WBA_Global) August 31, 2022
Tesco
Tesco PLC is a global British grocery and general products store based in Welwyn Garden City, England. It is the world’s third-largest retailer in gross revenue and the ninth-largest in revenue.
It has outlets in five European countries and is the supermarket market leader in the United Kingdom. Tesco has been expanding worldwide since the early 1990s, having operations in 11 additional nations.
Since the 1960s, Tesco has expanded into books, clothes, electronics, furniture, toys, fuel, software, financial services, telecommunications, and internet services.
Aldi
Approximately 98 percent of Aldi’s inventory is high-quality white labels. It is the combined name of two German family-owned low-cost grocery chains with over 10,000 outlets in 20 countries and annual sales of more than €50 billion.
After taking over their mother’s business in Essen, Karl and Theo Albrecht launched the firm in 1946.
Aldi’s key strength is its large assortment and low pricing, and around 98 percent of Aldi’s product is high-quality white labels.
Your September sneak peek is here! ? What are you most excited for?
https://t.co/jjJQD1sxiB— ALDI USA (@AldiUSA) September 1, 2022
CVS
CVS is the largest pharmacy services provider in the United States, having been founded in 1963. It also has a global network of retail pharmacy outlets.
Its pharmacy division provided $121 billion, accounting for 47 percent of CVS’s total sales of $257 billion in 2020.
In 2020, Long Term Care earned $74 billion in revenue, while Health Care Benefits generated $62 billion. CVS has garnered consumer confidence by providing unique medications.
A customer more concerned with their health than saving money would most likely select CVS.
image source: CVS Health
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