Assessment of Security Risks at Costco Wholesale This portfolio project report contains the relevant organizational information of Costco Wholesale Corporation, which is a wholesale giant in the United States. The primary intention of this report is to highlight the basic organizational location and financial information, along with the computing and network infrastructure details to help layout the detailed structure of an Information Technology (IT) risk assessment report. As part of the risk assessment report, the key elements emphasized are the threats and vulnerabilities that are possible in the current system and architecture; based on the vulnerabilities, the risks that are likely to occur; and the suggestions to identify and mitigate…
Competitor Analysis Direct & Indirect Competitors by Domestic Region Costco and Target are the direct competitors of Wal-Mart in the local market, and they are the most significant threat to the market share of the Wal-Mart. Costco is the largest discount wholesaler who can compete with the Sam’s Club of Wal-Mart. Target can be the biggest threat regarding competing with Wal-Mart at all levels. The low-price strategy followed by the Target is the same strategy which is Wal-Mart using.…
Costco Wholesale Corporation, better known simply as “Costco,” began with a single membership warehouse in Seattle, WA in September of 1983. The company was formed by James Sinegal and Jeffrey Brotman. The business concept was to create a warehouse club where consumers and businesses can subscribe to Costco’s Membership Plan. Members of their Warehouse Club can purchase goods in bulk. With the growth of the company, Costco also added services that could be purchased at a reduced rate.…
Costco continues to thrive globally. As of today, the company operates in eight countries. (Costco.com) The vast majority of theses warehouses are in the Unites States. This was a very profitable move for the company, increasing its profit across the globe. Since memberships are the company’s biggest profit, the increasing memberships around the world was a profitable result. In 2013, the company started to open up the planned 150 stores globally. It turned out that in countries other than the…
In the highly competitive U.S. Retail Industry, Costco strategy of driving more customer traffic at its stores through attractive product offerings at discounted prices has helped it gain a better market share and grow its sales base. In fact, these sales growth initiatives have been gaining popularity among low-to-mid income groups. And the success of the company's sales growth plan is very evident from its healthy sales growth. Then as it continues its growth, Costco will need to identify…
Costco Wholesale Corporation, which operates as a membership retailer, which specializes in selling quality products at low prices was founded in 1983 by James Senegal and Jeffery Brotman, with both having a background in retailing and established the first warehouse in Seattle, Washington. In 1993, there was a merge between Costco and Price club forming Price Costco causing a double in size in comparison with the parent company, and in 2007 the corporation became the seventh largest global…
Team 2 (Carter, Moriah, and Erin) I found the presentation very informative. I learned the history and financial outlook of Costco. With food and name-brands products accounting for most of their sources of revenue, it's no surprise the company is still successful while facing tough competition from its rivals. One question I would ask the presenters is, what steps can Costco take to distant themselves from their competitors? I was also intrigued by the SWOT analysis. Showing the company is…
When Costco opened in 1983, people assumed that because of its mundane decor and small selection of stock items, it would close its doors within a matter of years (Cottrell 37). Yet, little did they know, Costco’s innovative design and layout has been envied by retail businesses around the world because they offer items for a short period of time and often change their products. Today, Costco is the third leading retailer, according to the National Retail Federation, surpassing retail giants…
Costco is one of America's largest membership warehouse stores. In fact in 2016 they received 2.35 billion dollars in net income. According to The Motley Fool in 2015 there were up to 44.6 million paid members, but 81.3 million total card holders. We were tasked to learn more about Costco and their customers. Luckily with us being in Consumer Insights we were able to go to Costco over the weekend and get some great observations in. Since it is a membership club most of Costco's customers are in…
Future Strategy A future strategy that Costco should seek over the next five years is to expand on their credit card policy. Costco should allow its members to use any type of credit card only if it’s through the Costco system and equally providing the same benefits on cash back. When Costco first started, they required all of their members to use AmericanExpress cards. Recently, in the United States they switched to Visa card system and provided benefits which includes 4% cash back on gas and…