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Costco operates membership-only warehouse clubs that sell a wide range of goods, from groceries to electronics, in bulk at discounted prices. Customers pay an annual membership to access stores and benefit from lower prices, with revenue coming from membership fees, product sales, and services such as tire installation and optical. The stores emphasize buying in bulk, maintaining low operating costs, and offering private-label products under Kirkland Signature to boost value. Unlike many retailers that rely on transactional sales, Costco combines a recurring membership model with large-volume purchasing to keep prices down. Its goal is to deliver savings to members while growing membership and maintaining efficient operations.
Industries
Consumer Goods
Company Size
10,001+
Company Stage
IPO
Headquarters
Issaquah, Washington
Founded
1983
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Costco gets approval for second location in Buffalo, New York metro, more new stores opening soon across US. Published August 14, 2026 11:03 AM PDT The brief. * * The greater Buffalo, New York region will go from no Costco stores to having two with the approval of a second location. * During its earnings call in May, Costco said its long-term goal is to open 30+ new warehouses annually. * Costco is set to open seven new locations in August and another one in October. Costco is continuing to expand across the U.S. with stores opening this month and others in the planning and development stages. Residents living in the greater Buffalo, New York region will soon welcome the first Costco store in the region this fall in the northern suburb of Amherst and the Buffalo News reports that a second Costco has received the go-ahead in the southern suburb of West Seneca. Central Florida to welcome a fifth Costco. Earlier this month, Costco received approval for a new store in Sanford, Florida. The warehouse store will be built at the site of a vacant shopping mall. New Costco locations opening in August. The Costco new locations page shows the following new locations that will be opening in August: * Albany, NY * Oconomowoc, WI * Otsego, MN * Mansfield, TX * Celina, TX * Stone Mountain, GA * Lee's Summit, MO In October, Costco will open a new store in Camarillo, California, which is about 50 miles north of Los Angeles. In June, Costco opened new locations in Syracuse, Utah and Pensacola, Florida and Taiwan. Costco is targeting opening 30+ warehouses annually. During its May 28 earnings call, Costco reported a revision of its new store opening target to 26 new locations but is still targeting its long-term goal of opening 30+ new warehouses annually. What they're saying: "Our real estate operations team continues to focus on increasing our pipeline of new warehouses both domestically and internationally. As we target 30+ net new openings per year in the coming years," said Costco President and Chief Executive Officer Ron Vachris during the earnings call. By the numbers: Costco has 928 locations worldwide with 82.9 million paid members. The warehouse club offers two membership options, both with different benefits. The Executive Membership is $130 a year and the Gold State Membership is $65 a year. The Source: This article includes information from Costco and the Buffalo News. This story was reported from Orlando.
Costco Otsego grand opening is tomorrow, Friday August 14, 2026. 1 more day, guys! Who's skippin' work? After months of watching construction, hearing the rumors, seeing the signs go up and asking "When is Costco actually opening?" - tomorrow is finally the day. Costco Otsego officially opens Friday, August 14, 2026. Costco has confirmed the opening date for its new Otsego warehouse at 11910 60th Street NE, Otsego, MN 55301. And if you want to be there for the very beginning, set the alarm early. Costco Otsego grand opening details. Friday, August 14, 2026 7:30 AM - I-94 West Chamber of Commerce Ribbon Cutting The I-94 West Chamber has officially scheduled the Costco ribbon-cutting ceremony from 7:30 AM to 8:00 AM at the new Otsego warehouse. 8:00 AM - Costco Otsego Opens Local opening-day reporting confirms the warehouse is scheduled to welcome its first shoppers at 8:00 AM Friday morning. Location: 11910 60th Street NE Otsego, MN 55301 A pretty big day for Otsego, STMA and the I-94 corridor. For those of Zane Petersen who have lived in the STMA area for years, it is pretty incredible to see how much this entire corridor has changed. Otsego, Albertville, St. Michael, Rogers and the surrounding northwest metro continue to grow, and Costco choosing Otsego for its newest Minnesota warehouse is another major addition to its community. The new warehouse will include a pharmacy, optical department, hearing aid center, tire service center, gas station and more. Costco's official site also lists the warehouse's regular weekday hours as 10:00 AM to 8:30 PM, with Executive Member shopping beginning at 9:00 AM after opening day. And here's a little bonus: the Otsego Costco gas station actually opened ahead of the warehouse on August 12. So... Who's calling in sick tomorrow? I have a feeling there may be a suspicious number of "morning appointments" suddenly appearing on calendars throughout STMA tomorrow. If you're one of them, I won't tell your boss. After calling the STMA area home since 1999, it's exciting to watch another major milestone happen right here in its backyard. Enjoy Day 1, Otsego! And if you're heading over for the ribbon cutting or grand opening, shoot me a text at 763.843.2905. I want to know who actually skipped work. Zane Petersen | Z-Group Real Estate Your STMA Neighbor Since 1999 Lake Minnetonka | STMA | Phoenix / Scottsdale 763.843.2905 Connect with ZANE. For over 23+ Years, I've Moved Thousands of Clients to Success, and I'd be glad to Move you too! Anywhere you want to go, I'll take you there. CONTACT ZANE
OCCU announces headquarters sale as part of broader workforce transformation. * August 13, 2026 OCCU has signed a letter of intent to sell its Eugene headquarters property to Costco Wholesale. The potential sale is part of a broader workforce transformation at OCCU as they rethink how, when and where work happens. Thank you for using the Press Center on CreditUnions.com! Please be aware that although CreditUnions.com has approved the content you are about to view, the document was uploaded by a third party. Therefore, CreditUnions.com does not claim responsibility for the source of this document. Jason Haley Savana Morie Andrew Lepczyk
Thurston Co. development recap: Costco, water tank and more. Here's what to know. By Rolf Boone August 12, 2026 12:00 PM Gift Article Thurston County is seeing a wave of new construction projects, from a massive Costco warehouse to a $20 million Sheriff's Office headquarters. Meanwhile, one long-planned development on port property has fallen through. Here are key takeaways: * Costco has filed plans to build a 166,157-square-foot warehouse in Tumwater at 2413 SW 73rd Ave., with more than 1,000 parking spaces plus a separate application for a 20-dispenser gas station and car wash. The city received the application July 2 and deemed it complete July 22. * Swire Coca-Cola USA has terminated its lease with the Port of Olympia, ending plans for a bottling plant on a 95-acre parcel southeast of Olympia Regional Airport. The port received the termination notice July 23. * Tumwater plans to build a 3-million-gallon concrete water reservoir on a 20-acre property on 93rd Avenue Southeast to support future residential development and regional fire suppression. The project is estimated to cost $18 million. The Southeast Water Reservoir Project is in the 90% design stage, with construction tentatively starting in summer 2027 and targeted for completion by the end of 2028. * Thurston County held a ribbon-cutting July 31 for its new 56,000-square-foot Sheriff's Office headquarters at 1111 Israel Road SW in Tumwater. The $20 million project consolidates patrol, administration, investigations, finance and evidence processing under one roof. * Construction on a new roundabout at Old Highway 99 Southwest and 201st Avenue in Grand Mound is expected to start this fall, at an estimated cost of $2.8 million. About half will be covered by a federal grant from the U.S. Department of Transportation. The summary points above were compiled with the help of AI tools and edited by journalists. The source reporting referenced above was written and edited entirely by Martin Bilbao, Rolf Boone and Ty Vinson.
Costco 'excited to be' in Flower Mound, still has a ways to go. August 11, 2026 In an ideal world, Costco will open a Flower Mound warehouse, what they prefer to call their stores, in May 2028, but the retailer and the town still have some work to do. Costco officially pitched a new warehouse to Flower Mound during a work session at the town's planning and zoning meeting, which would be located within Cottonwood, an 86-acre development stretching from Dixon Lane to FM 407. In a presentation from Costco's Brian Whelan, Flower Mound is primed for one of the first "infield" Costco locations in North Texas - a warehouse not located along a major highway. Whelan said Costco likes to build infield locations once the company has a good presence in a market. With a Costco along Hwy 121 in Lewisville and more than 15,000 Flower Mound residents paying for a membership to the wholesale club in 2025, Whelan said Costco is ready to open something within the town. "We're very excited to be here," he said. "We have many many members in this area who have to drive out of town to go to our facilities, so an opportunity to better serve them is really important to us." According to Costco, the target open date for the Flower Mound warehouse would be May 2028. Whelan expected there could be around $150 million in sales that are being spent outside of Flower Mound without a location in town. Commissioner Scott Langley pointed out Costco might produce more sales tax than some other major grocery store options because of the wide range of products it sells. "We have it on our roll out plan [to open] May 2028 - we're hoping to meet that," said Whelan. "But, the sooner the better, for us." However, the large retailer and the town have some work to get done before the big day. A big question for the wholesale membership club is the parking situation. Costco submitted a parking analysis to the town asking for 898 parking spots - nearly 100 more than would be allowed for its building size (168,256 square feet) under town ordinances. Commissioner Deb Fitzpatrick pointed out that Costco usually has oversized parking stalls, as well, which P&Z worried would make the lot even larger and more susceptible to runoff and other impacts. Flower Mound Town Planner Chuck Russell said developers are required to put in some sort of mitigation tools when the proposed parking lot exceeds the town's maximum. "As of today, the large retailer has not chosen any of the options," he said. "As of now, it's a modification. They may be working on that or coming back in the future with something to comply with the code." In addition, Costco is requesting to use up to 90% inorganic landscaping materials on the lot, which is way more than the 20% maximum allowed by the town's code of ordinances. That could include rocks, artificial turf and other inorganic materials, according to Russell. Costco will also ask for some modifications for to allow for its standard signage to be used at the warehouse and the fuel station, as well as a waiver to the roof pitch requirement. Staff was also concerned about the Cottonwood development's proposed uses of a kennel and extended hotel, but the developer removed those uses from its plans. Traffic is also a big concern for the large development - for commissioners and residents that spoke during the work session's public comment. In addition to a large, four-lane roadway that will be called Whyburn Drive and stretch from Dixon Lane to FM 407, Russell said a traffic light will be proposed at FM 407 and Tartan Trail, and either a light or a roundabout proposed at the intersection of Dixon Lane and Whyburn Drive. Commissioners liked the idea of a roundabout, especially because they often cost taxpayers less than other options, but the town could have to get some land from Lewisville ISD and might in an awkward position. Another seven or eight intersections in the area could also see some improvements as a result of the project. Town staff said a traffic study also recommended more work at FM 2499 and Dixon Lane be done, as well, to handle the increased traffic from the overall development. According to documents from engineering firm McAdams, the Cottonwood development plans to go before the town's Environmental Conservation Commission, Planning and Zoning Commission and Town Council in fall 2026. Other uses at the project could be large office or showroom spaces, quick and sit-down restaurants, as well as industrial and more retail spaces. "When it comes to an overall, unified design theme, we're working with the applicant, but I think we have some work to do," said Russell. "This is something we can work with the applicant on, but we would like to get some cohesiveness in terms of material and color." Monday's meeting was just a work session, so no action was taken, and the town and developer will have more time to tighten up the details of the project's design. "While there is a lot of great opportunity here that we are excited about, there is also some legitimate concern with traffic," said P&Z Chair Gregory Schultz. "We need to be sure we're communicating and addressing those concerns for our citizens that live in the area."
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Industries
Consumer Goods
Company Size
10,001+
Company Stage
IPO
Headquarters
Issaquah, Washington
Founded
1983
Find jobs on Simplify and start your career today