>I should have. Alas, almost doesn't count....
In the 80's a guy I knew came to me asking If I'd like to invest in his new idea.
It was a discount warehouse retailing business model which its shoppers would have to pay an annual fee, just for the right to shop there. I thought he was crazy at the time. I said no thanks.
His name is Jeff Brotman...the company is called Costco... He started it in Seattle...don't tell me almost doesn't count. Trust me...I know!
>Costco Wholesale Corporation operates warehouses that offer low prices on a limited selection of nationally branded and selected private label products in a wide range of categories in no-frills, self-service warehouses. For the 24 weeks ended 2/18/01, revenues increased 9% to $15.94B. Earnings fell 2% to $306.1M. Revenues reflect the opening of new warehouses. Earnings were offset by higher wage rate and preopening costs. Sector: Services
Industry: Retail (Specialty)
Costco Wholesale Corp.
999 Lake Drive
N/A
Issaquah, WA 98027
Phone:
(425) 313-8100
Fax:
(425) 313-8114
Employees: 78,000
Officers:
Jeffrey Brotman, Chmn.,
James Sinegal, Pres./CEO,
Richard Galanti, Exec. VP/CFO,
Richard DiCerchio, Sr. Exec. VP/COO.
Sales (TTM):
34,251.67M |
