Those who know Costco have had their shopping lives changed! Costco is a multinational corporation based in the United States which has been open in Australia for a few years now. It operates a chain of membership-only warehouse clubs. Costco currently has nine stores in Australia. There’s one in South Australia, one in Queensland, three in New South Wales, one in the Australian Capital Territory, and three in Victoria. More stores are planned to open in the future.

Costco members pay $55 per year for business membership and $60 for gold star membership to shop at massive warehouses, which offer everything from coffins to groceries at wholesale cost. While the membership fee may seem steep, the savings that are made after just a few shops more than covers it.

What is the Costco Concept?

It’s basically an everything-under-the-soon store. At Costco, you will find everything from everyday grocery items to electronic gadgets to cleaning supplies; you name it, they probably have it.

Take a look at Costco’s categories of available items:

  • Fresh foods
  • Snacks and candy
  • Dry groceries
  • Frozen foods
  • Designer clothing
  • Cosmetics
  • Housewares
  • Office supplies
  • Sundries
  • Jewellery and watches
  • Books and media
  • Health and beauty
  • Lawn and garden
  • Designer clothing
  • Small appliances
  • Televisions and computers … and much more!

​​How Does Costco Work?

Have you wondered why you’re saving a lot when shopping at Costco? It’s your annual membership fees that help keep overhead costs down and pass off the savings to you.

You can quickly recoup the membership fee cost through the money you save by doing your shopping at the store. Costco’s straightforward approach means that most of the merchandise is displayed right on its original shipping pallets or on steel shelves. So by handling products as minimally as possible, costs are kept at a minimum.

What is Costo’s Operating Strategy?

Costco’s goal is to provide low-cost, high-quality goods and services. They are able to accomplish this through the operation of massive storage and commercial facilities in an efficient manner.

How do they do that? They are able to keep costs at a minimum by removing most of the operational costs intrinsic to conventional retail stores. Products are packed, put on display, and sold in bulk in a utilitarian warehouse atmosphere on the original shipping pallets. This makes for efficient storage and moving of products.