In the war for retail talent during the pandemic, Costco Wholesale put its money where its mouth is. Already a leader in incentives like paid sick days, Costco in February raised the internal minimum wage for its 200,000-plus–person workforce to $16, keeping the pressure on competitors to pay their own workers more. Not long afterward, Amazon and Walmart each gave raises to hundreds of thousands of their workers. Costco’s reward for its efforts: double-digit percentage increases in sales—long after pandemic panic-buying eased—and customers as loyal as ever.
CTW 2021-03-Costco
David Paul Morris—Bloomberg/Getty Images

Company Information

As of 2/1/2023
Country
U.S.
Headquarters
Issaquah, Wash.
Industry
General Merchandisers
CEO
W. Craig Jelinek
Company Type
Public
Ticker
COST
Revenues ($M)
$231,028
Profits ($M)
$5,884
Market Value ($M)
$213,039
Employees
304,000
Figures are for the latest twelve months ended Nov. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.

Change the World

Impact Segment
Economic Opportunity/Financial Inclusion
Sector
Retailing
Prior Year Rank
-

Historical Data

YearRevenues ($M)
2015$112,640
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