Dropshipping from Costco
Costco is an American multinational corporation that operates a chain of membership-only (needing a membership to shop there) big-box retail stores (warehouse club). As of 2020, Costco was the fifth largest retailer in the world, and the world’s largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. In 2021, Costco was ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.
In the United States, Costco’s main competitors operating membership warehouses are Sam’s Club and BJ’s Wholesale Club. Costco employs 254,000 full and part-time employees worldwide. In 2016, Costco had 86.7 million members. This increased to 90.3 million members in 2017. and 94.3 million in 2018. In 2019, Costco had 98.5 million members. In 2020, Costco had 105.5 million members.
Costco was the first company to grow from zero to $3 billion in sales in under six years. For the fiscal year ending on August 31, 2012, the company’s sales totaled $97.062 billion, with a $1.709 billion net profit.
Costco is one of the wholesale suppliers you can use for your dropshipping store.
Costco is a membership-only warehouse that generates a majority of its revenue from retail sales and a small percentage from membership fees. Customers must buy memberships to access the warehouse and make purchases. This is executed through direct sourcing and efficient inventory management techniques.
Costco divides its business into three segments: United States Operations, Canadian Operations, and Other International Operations. These 3 business segments are reported by revenue and operating income. Of the three, the United States Operations was the largest, followed by Canadian Operations.
Dropshipping niches from Costco
To get an idea of what items are trending today, check this article about the best dropshipping products.
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