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How Costco became the king of bulk buying starting out selling only to businesses out of an old airplane hangar

US Markets Loading… h m s Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Homepage Newsletters Log in Subscribe Retail Dominick Reuter Updated 2024-07-09T12:42:08Z Costco is a wholesale club that sells a wide range of products and services to fee-paying members. Founded in 1983 in Seattle, Washington, the company built off a concept pioneered by earlier stores. Costco made $237.7 billion in revenue last year and is the third-largest retailer in the world. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Advertisement Costco is a members-only wholesale club that offers a variety of products and services at extremely competitive prices.The company was founded in 1983 by Jim Sinegal and Jeff Brotman, who opened the first Costco warehouse in Seattle, Washington.N…