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How did Costco start?

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The Costco Connection is a magazine sent free to members of Costco; it can also be accessed online by anyone, free of charge. The magazine, established in 1987, features articles which regularly tie into the corporation along with business, celebrity features, cooking, entertaining, health, home improvement, and social articles, as well as coupons and ads. read more

1983: The first Costco opens in Seattle with a business plan that calls for expansion to about 12 stores and sales of $80 million per store. 1985: The company goes public; opens its first Canadian warehouse. 1987: Costco hits $1 billion in sales. 2009: Brotman and Sinegal plan to open the first Costco in Australia. read more

Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales. read more

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