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Costco members shop on the first day of operation at the warehouse store in Riverbank, Calif., Thursday, June 13, 2024. Costco warehouse store in Riverbank, Calif., Thursday, June 13, 2024.
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Costco membership card from Iceland. Costco's earliest predecessor, Price Club, opened its first store on July 12, 1976, on Morena Boulevard in San Diego, California.It was founded three months earlier by Sol Price and his son, Robert, following a dispute with the new owners of FedMart, Price's previous membership-only discount store. [16]
Price Club and Costco initially continued to operate as separate chains, with members of either chain being able to shop at both stores. However, by the following year, Price Enterprises was spun off from the combined company and later established PriceSmart in Central America, South America, and the Caribbean.
Riverbank is a city in Stanislaus County, California, United States. The population was 24,623 at the 2020 census, up from 15,826 at the 2000 census. Incorporated on August 23, 1922, Riverbank's official slogan is "City of Action." [4] It is part of the Modesto Metropolitan Statistical Area.