What is the average income of a Costco shopper?

The average Costco customer is a 39-year-old Asian American woman who's married and earns $125,000, Numerator found. See more stories on Insider's business page.

What is the average income of a Costco member?

In 2017, the most recent year Costco has data for, the average household income of the Costco member was $92,236.

Who is the typical Costco customer?

According to a study from Numerator, Costco's typical customer is a 39-year-old, degree-educated, married Asian American woman who earns more than $125,000 per year. Costco also occupies a niche area of the market focusing on high-quality products at low-profit margins.

How much is the average Costco transaction?

According to Insider, the average Costco shopper spends about $114 on an average of nine items per trip. Make no mistake about it — these are the shoppers who know to go straight to the middle of the store for the chain's best deals.

What is the busiest Costco?

What is the busiest Costco in the world? The Iwelei Costco on Oahu Island in Hawaii is the busiest in the world. Costco estimates that 1 in 4 residents of the island are Costco members, and with Oahu having a population of over 950,000, it's easy to see why this location gets a lot of foot traffic.

Here's How Much Money Costco Employees Really Make

What are Costco's weaknesses?

Where is the largest Costco?

UTAH: 1818 S 300 W in Salt Lake City

Salt Lake City is home to the largest Costco warehouse in the world. This location is 235,000 square feet and features a massive Dairy room and full-sized roasting pigs and goats for sale. "This giant location definitely isn't your average Costco!

Why are people addicted to Costco?

In Sol's mind, the word discount equated with cheap. So the core ingredient in Costco's addictive drug is its value proposition that stands for high-value products at the lowest prices.

How many customers does Costco have per day?

On average, Costco processed 2.3 million sales transactions per day. Over 80 million people have a Costco membership card.

Who are Costco's main competitors?

The company's most significant competitors include Sam's Club (Wal-Mart) and BJ's Wholesale Club in the warehouse club segment as well as Target, Kroger, and Amazon.com with respect to general merchandise retail competitors.

How do you win at Costco?

What is the smallest city with a Costco?

Built in 1993 as an experiment to test smaller markets, the Juneau Costco is the smallest, both in size and scope, of the chain's 785 warehouses. It may also be one of the most critically important: Many of the isolated small towns in Southeastern Alaska rely on it for food items they otherwise wouldn't be able to get.

Is Costco owned by China?

Costco is currently owned by Costco Wholesale Corporation. It's the result of a merger between two different companies: Price Club and Costco.

Who owns Costco Kirkland?

Kirkland Signature is owned by Costco, which makes it a private label. That means they control their prices by ruling out third-party distributors. The result? Prices that are typically 20% lower than traditional retail, which is part of what keeps customers coming back (via Business Insider).

What is Costco's biggest threat?

Price Competition: Manufacturing costs have dropped in recent years, and other retail giants are exploiting ways of reducing operational costs. This has led to intense price competition, which is a threat to Costco.

What is a threat to Costco?

Future Threats

As Costco is a Global Retailer, this means that they are exposed to political problems in the countries that they operate in. The cost of producing many consumer products tends to have fallen because of lower manufacturing cost - this leads to price competition: intense price competition is a threat.

Is Costco unethical?

Costco is often cited as one of the world's most ethical companies. It has been called a “testimony to ethical capitalism” in large part due to its company practices and treatment of employees.

What state has the most Costco's?

The state with the most number of Costco locations in the US is California, with 132 locations, which is 22% of all Costco locations in America.

How much revenue does a Costco store generate?

In short, Costco's stores are huge businesses in and of themselves. In fact, it is the only national retailer in the history of the United States that can boast of average annual revenue in excess of $160 million per location.

What time is Costco least busy?

If you visit Costco right after the store opens on a weekday morning, before 11 a.m., you'll avoid the chaos that is often experienced on busy weekends. Many stores do see an uptick in visitors during the lunch hour, so it's best to get in and get out before lunchtime.

What does the word Costco stand for?

Costco, as a brand, was built on helping customers manage their spending, hence the name Costco, or rather, 'Cost Company'. And it was Costco's focus on decimating the cost of a product that made the company unique and elevated it to where it stands today.

Which states have no Costco?

COSTCO has made its way into nearly every US state. They operate in 46 states, plus Washington DC and Puerto Rico. The only states without a Costco are Maine, Rhode Island, West Virginia and Wyoming.

Who owns Costco now?

Costco Wholesale Corporation currently owns Costco.

It is the result of a merger of two companies: Price Club and Costco. W. Craig Jelinek is the current CEO of Costco Wholesale Corporation, and Hamilton E. James is the chairman of the board.

What does the asterisk mean in Costco?

Items with an “*” in the upper right-hand corner aren't being reordered. That asterisk in the upper right-hand of the price tag means you probably won't be seeing that product again once the stock is sold out. That doesn't necessarily mean it's been discounted, but it likely means the price won't get any lower.