This gave birth to a new concept: a retail warehouse club. Д¬ostco's history began with Sol Price and his son, Robert, opening the first Price Club warehouse on July 12, 1976, on Morena Boulevard in San Diego, California. The company plans to open warehouses in 2022 for the first time in New Zealand, and Sweden. As of March 2021, Costco has 804 warehouses worldwide: 558 in the United States (including the District of Columbia and Puerto Rico), 103 in Canada, 39 in Mexico, 29 in the United Kingdom, 27 in Japan, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, 1 in Iceland, 1 in France, and 1 in China. Through mergers, however, Costco's corporate history dates back to 1976, when its former competitor Price Club was founded in San Diego, California. The company opened its first warehouse (the chain's term for its retail outlets) in Seattle in 1983. Д¬ostco's worldwide headquarters are in Issaquah, Washington, an eastern suburb of Seattle, although its Kirkland Signature house label bears the name of its former location in Kirkland. In 2021, Costco was ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue. 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. Costco's original logo (used until 1993, but carried by stores until 1997)Д¬ostco Wholesale Corporation ( doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only (needing a membership to shop there) big-box retail stores ( warehouse club).

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