Costco
Huge warehouse stores where members buy products in big packs at good prices.
📖 Its story
In 1983, Jim Sinegal and Jeffrey Brotman opened their first warehouse in Seattle. Their idea was simple: sell fewer products, in big packs and very cheap, to customers with a membership. People loved it, and today it has warehouses in many countries, including Mexico.
💵 How it makes money
By charging yearly memberships and selling products with a very small profit on each one.
🤯 Fun fact
Its hot dog and soda combo has cost $1.50 in the U.S. since 1985.
👍 The good part
Most of its members renew their membership year after year.
⚠️ The risk
It makes very little on each product, so it needs to sell a whole lot.
🧠 Did you get it?
What does Costco charge its customers every year?
🗂️ Quick facts
- Founded in: 1983
- Founded by: Jim Sinegal and Jeffrey Brotman
- Home: Issaquah, Washington, USA
🔎 How to find it on the stock market
- Search the internet for COST stock.
- You can also find it in your parents' investing app with the letters COST.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Costco. Ask your mom or dad to join the list.
Join the list