Costco 1999 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 1999 Costco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

NUMBER OF WAREHOUSES
Own Land and Lease Land and/or
Building Building Total
UNITED STATES .................................. 171 50 221
CANADA ........................................ 50 8 58
UNITED KINGDOM ................................ 7 - 7
KOREA ......................................... - 3 3
TAIWAN ......................................... - 2 2
JAPAN .......................................... - 1 1
Total ........................................ 228 64 292
The following schedule shows warehouse openings (net of warehouse closings) by region for the past
five fiscal years and expected openings (net of closings) through December 31, 1999:
Total
Other Warehouses
Openings by Fiscal Year United States Canada International Total in Operation
1994 and prior ........................ 182 37 2 221 221
1995 ............................... 9 8 2 19 240
1996 ............................... 1 10 1 12 252
1997 ............................... 8 (1) 2 9 261
1998 ............................... 11 2 4 17 278
1999 ............................... 10 2 2 14 292
2000 (through 12/31/99) ................. 9 1 0 10 302
Total ............................ 230 59 13(a) 302
(a) As of August 29, 1999, the Company operated (through a 50%-owned joint venture) 16 warehouses in
Mexico (one opened in fiscal 1992, two opened in fiscal 1993, five opened in fiscal 1994, five opened in
fiscal 1995, one opened in fiscal 1998, and two opened in fiscal 1999). An additional warehouse was
opened in Cancun in September 1999, bringing the total as of 12/31/99 to 17 warehouses. These
warehouses are not included in the number of warehouses open in any period because the joint
venture is accounted for on the equity basis and therefore their operations are not consolidated in the
Company’s financial statements.
In addition to its broad range of high quality, nationally branded and private label merchandise, the
Company has enhanced the warehouse club concept to include fresh products (meat, bakery, deli and
produce) as well as a number of ancillary businesses, including the following as of December 31, 1999:
ANCILLARY BUSINESSES
Other
United States Canada International Total
Pharmacy ...................................... 21
6
6 21 1 238
Optical Dispensing Centers ......................... 218 48 7 273
One-Hour Photo ................................. 223 59 13 295
Food Court and Hot Dog Stands ..................... 228 59 13 300
Hearing Aid Centers .............................. 59 7 - 66
Copy Centers ................................... 9 1 2 12
Print Shops .................................... 1 1 1 3
Gas Stations .................................... 84 2 - 86