Costco, in one sense, is simple enough to define. It’s a chain retailer that operates on a club model, offering members who pay sixty-five dollars a year the chance to buy bulk goods at prices close to wholesale. Costco sells fresh and packaged foods, household and pharmacy staples, electronics, furniture, and clothing, from both name brands and Kirkland Signature, the company’s private label, which appears on everything from golf clubs to gasoline. Employees, who receive excellent wages and benefits, often work there for years. The stores are called warehouses, and this captures their look: merchandise stacked on pallets across industrial shelves rising toward high ceilings.
Can the Golden Age of Costco Last?
With its standout deals and generous employment practices, the warehouse chain became a feel-good American institution. In a fraught time, it can be hard to remain beloved.

“The most important item we sell is the membership card,” Ron Vachris, the current C.E.O., has said.Photograph by Spencer Lowell
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