Costco operates membership warehouses based on the concept that offering their members low prices on a limited selection of nationally branded and private-label products in a wide range of categories will produce high sales volumes and rapid inventory turnover. Costco’s culture is to pay its employees well and give its customers great discounts. Satisfaction levels for both are industry leading. Costco’s model has worked well in many non-US countries, including Australia.

Watch Costco Corporate Video (2 mins)