Issaquah-based Costco ranks No. 24 on Fortune 500
May 7, 2012
By Warren Kagarise
NEW — 6 a.m. May 7, 2012
Issaquah-based Costco is No. 24 on the Fortune 500, the annual list of top companies in the United States compiled and published by the magazine.
The largest warehouse club chain on the planet sold about $89 billion in merchandise last year — including electronics, gasoline, rotisserie chickens and the bestselling product, toilet paper.
“Even as the economy slowly recovers, many shoppers are sticking to the thrifty habits they acquired over the past few years,” the magazine noted. “This spells good news for Costco.”
Fortune released the list Monday. Oil giant Exxon Mobil claimed the No. 1 spot. Costco rival Wal-Mart Stores came in at No. 2.
Costco, as the largest employer in Issaquah, employs about 2,700 people in corporate offices and at the flagship warehouse in Pickering Place.
The company headquarters relocated from Kirkland to Issaquah in 1996 — hence the Kirkland Signature name on store-brand products.