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- Price ClubLearn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Costco was originally founded by Sol Price in San Diego, California. With a last name that worked perfectly for the industry he entered, it makes sense that Costco's founder originally called the company Price Club.www.thedailymeal.com/1363226/costco-name-hist…Jeffrey H. Brotman and James D. Sinegal opened the first Costco in Seattle in 1983. The Price Company (corporate parent of Price Club) and Costco merged in 1993 to become Price/Costco. In 1997 the corporate name was changed to Costco Companies, Inc., and in 1999 the present corporate name was adopted.www.britannica.com/money/CostcoPrice Club first opened in that location in 1976, and in 1993, Price Club and Costco merged. The name changed to PriceCostco for a while, with all locations eventually taking the Costco name just four years later, per Supermarket News. So, in terms of Costco itself, the Seattle location was the first one.www.mashed.com/231915/the-untold-truth-of-the-fir…Ten years after the first Costco store opened, Price Club and Costco merged to form PriceCostco. In 1997, PriceCostco changed its name to Costco Companies, Inc.www.businessinsider.com/costco-wholesale-wareh…
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