Costco Wholesale's Business Model

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Costco Wholesale Corporation began in 1983 in Seattle, Washington. It is the second largest retailer store in the nation and serves too many communities. Employing over 135,000 full and part time employees in the United States alone, and around 200,000 employees worldwide. A corporation that is efficient in operations, has unmatched savings and is accessible through membership has a vision to give the customer a low efficient discount price and still continue to financially make a profit. The CEO of Costco, Jim Sinegal, had taken a pay cut when he was there in 2011. Their actions to be socially responsible in all areas are by excellent treatment to customers, charitable programs to different communities and the environment, and lastly is the benefits to employers. This idea that Costco has in their business model is what makes them have the …show more content…
Things like cutting down on electricity is one of the ways that Costco is doing to try and be more efficient. In their sustainability report it stated,
The use of electricity, for example, represents a significant expense for our warehouses that we are constantly looking for ways to reduce. We closely track energy usage as part of this effort. Purchased electricity is the greatest source of our carbon emissions, so reducing our energy usage directly contributes to reduced emissions.
Costco is building new warehouses and expanding all of the country and the world, so for them their efforts are to try and maintain their carbon footprint growth to less than their company sales growth. In their report Costco also stated things like enhancing their warehouse energy management, expanding on packaging design initiatives, and furthering developing on their recycling and waste stream management systems. All these initiatives are to be more environmentally socially responsible.
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