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In the Canadian province of Quebec, beer and wine are sold within the stores from pallets. It is sold by Costco at their website and warehouses, and is trademarked by the company.
The name is derived from the location (from 1987 to 1996) of Costco's corporate headquarters, Kirkland, Washington.
The produce items that require refrigeration are kept in a walk-in refrigerator, and several locations even have a walk-in refrigerator for dairy items.
Some locations have liquor stores, often kept separate from the main warehouse in order to comply with liquor license restrictions.
Most products are delivered to the warehouse on shipping pallets and these pallets are used to display products for sale on the warehouse floor.
This contrasts with retail stores that break down pallets and stock individual products on shelves.
Costco'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, thus giving birth to a new concept: a retail warehouse club.
The combined company took the name Price Costco, and memberships became universal, meaning that a Price Club member could use their membership to shop at Costco and vice versa.
Price Costco boasted 206 locations generating billion in annual sales. Costco focuses on selling products at low prices, often at very high volume.
Most products have an 8% to 10% markup, while the Kirkland Signature brand products have a 15% markup.
Costco's annual membership fees accounts for 80 percent of Costco's gross margin and 70 percent of its operating income, therefore Costco collects most of its profits 12 months in advance unlike most businesses.
From December 2013, Costco's board of directors was chaired by co-founder Jeffrey H. These goods are usually bulk-packaged and marketed primarily to large families and businesses.