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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]
Robert Price and James Sinegal had different opinions regarding company direction and recovery policies. A breakup between the companies was formally announced in 1994. Price's breakaway company was named as Price Enterprises. Sinegal still continued to manage PriceCostco, Inc. In 1997, the name of Sinegal's company was changed to Costco Wholesale.
In 1982, Brotman cofounded Costco Wholesale Corporation with Jim Sinegal, [6] a protégé of Sol Price, the founder of PriceSmart. [1] He served as chairman from the company's inception until his death, except during a stretch from 1993 to 1994 when he was vice chairman. [7] [8] In 2017, Costco operated 736 warehouse stores. [3]
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He joined Costco as a warehouse manager in 1984 and was later the manager of the company's Northwest region after the Price Club merger. Jelinek became the company's executive president of merchandising in 2004. [7] He joined the company's board in 2010 amid speculation that he was being prepared to take over as CEO.
The company went public in 1980. [4] [5] In 1993 Costco merged with Price Club to form PriceCostco. [4] [5] Leadership in the new organization was shared between Sol Price's son, Robert, and James Sinegal. After eight months, PriceCostco spun a separate company called Price Enterprises, [6] led by the younger Price. PriceSmart continues to ...
Pages in category "Costco people" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. A. A.J. & Big Justice; B.
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