Wednesday, June 7, 2023

Despite Costco’s reputation, do you know what the name means? You will be surprised by the answer

Posted in Nation on 3/24/2023 9:38 am

In recent years, the Costco chain has grown exponentially as a branch of the variety of products sold, and has gone beyond the famous breads, pizza and desserts, most of which became known in previous years.

However, even though many Mexicans are already members of this chain and deploy their penury in Cotsco, they still do not know one of the most important information of this chain Lupine.

Although the name Costco is becoming more common in every corner of the country, the name of this supermarket chain is still unknown to many of its main customers; But the meaning of the name Costco will surprise many.

What does the name of the Costco chain mean?

Although the meaning of Costco cannot be found on the main page of this Lupine chain, it can still come from its origin, since the idea was born after the first store of this chain was founded in the city of San Diego, California, by James. Sinegal and Jeffrey Brotman.

The idea of ​​naming this new store was simple, because if you look in the English-Spanish translator dictionary, you will find the word Costco as the definition of “supermarket” or “store” in Spanish; with which the founders wanted to signify when one buys at the grocery store or rather at Costco. A simple but successful conception.

This concept was incorporated in 1993 with the Costco Price Club chain, in its beginnings, (called ‘Price Club’ in Quebec, Canada) although at the time the chain had exceeded the initial size of the store, and had stores all over the United States.

It is worth noting that after the new Costco concept, the merger generated 16 billion in annual sales, at least in 206 PriceCostco stores; but it was in 1997 when it changed its name to Costco Wholesale.

It is worth mentioning that until 2020, this chain had 558 stores in 44 locations in the United States and 4 in Puerto Rico; 102 stores in 9 Canadian provinces and 39 stores in 21 Mexican states.

Costco is destroying its members

Costco may terminate membership for abusive customer returns. One of the biggest benefits of being a member of this chain is the cost-effective return plan for items purchased from factories. Costco allows its subscribers to return in almost no time after the purchase, if the customer is not satisfied. However, if you abuse this option, be aware that your membership will be deleted.

While such a profitable income system can be a way to attract new customers to pay for an annual Costco membership, it is also a source of abuse by online shoppers. There are also buyers who have tried to return products that have already been partially used or consumed.

It is the manager of each force to decide whether to accept the return or not, so it can sometimes work with fraudulent projects. Please note that Costco does not indicate on its website that it violates the return policy and whether multiple returns have been brought into your crisis.


World Nation News Desk
World Nation News Desk
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