Costco’s new CEO, who started as a forklift driver at the company at age 17, considers one of the wholesale giant’s products to be its most valuable — and it’s not the famous hot dog deal or the rotisserie chickens. It’s the Costco membership card. Costco CEO Ron Vachris, who became the chief executive in...
September 18, 2024
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June 10, 2024June 10, 2024IPOs
GM Taps Costco to Sell Chevrolet, Cadillac Electric Vehicles
Costco helped sell more than half a million cars last year. Now General Motors, home of the Chevrolet and Cadillac brands, is tapping into Costco’s 50 million U.S. members to bring its electric vehicles to a wider audience. GM told CNBC on Friday that it is using the Costco Auto Program, which charges automakers and...
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June 6, 2024June 6, 2024IPOs
Costco May Stop Selling Books Year-Round. Here’s Why.
Starting in January, what was once a year-round section at Costco could become a seasonal occurrence. The New York Times reports that Costco’s famous book table may cease to be a regular fixture in stores around the U.S. starting next year, and only return around the holiday season, from September to December. Though Costco has...