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Sep 16, 2020 · Jim Sinegal cofounded Costco alongside Seattle attorney Jeff Brotman in 1983. Despite building one of the largest retail chains in America, Sinegal consistently earned less than other CEOs...
Together with Seattle retailer Jeff Brotman, he co-founded Costco. From 1983 until his retirement in 2011, Sinegal served as Costco's president and CEO. As CEO, Sinegal was well known for traveling to each Costco location every year to inspect it personally.
In 1982, Brotman cofounded Costco Wholesale Corporation with Jim Sinegal, a protégé of Sol Price, the founder of PriceSmart. He served as chairman from the company's inception until his death, except during a stretch from 1993 to 1994 when he was vice chairman. In 2017, Costco operated 736 warehouse stores.
The first store operated under the Costco label was opened in Seattle on Sept. 15, 1983, by Sinegal and another career retailer, Jeff Brotman. A month later, the pair opened a second...
Aug 1, 2017 · The man with whom he created that retail juggernaut, Costco co-founder and former CEO Jim Sinegal, said Tuesday that “over 35 years, he became not just a business partner but a confidante, a...
With those ideas in mind, Brotman sought out Jim Sinegal, who already had a reputation in the wholesale club business, to join him. “We hit it off immediately,” says Sinegal. “He was so much more than a business partner.” They first financed the new operation with their own money.
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Aug 22, 2023 · The company was founded in 1983 by Jim Sinegal and Jeff Brotman, who opened the first Costco warehouse in Seattle, Washington. Now, 40 years later, Costco is the third largest retailer in the...
