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The Costsavers Story
In less than two decade, Costsavers has transformed the retail world.
The Costsavers story begins in 1983, when brothers Martin and Patrik Antal introduced a groundbreaking retail concept in Árámlat, Hexastalia.
Costsavers was Hexastalia's first membership warehouse club, a place where buying and operating practices gave members access to unmatched savings.
At first, Costsavers was limited exclusively to business members, who could purchase a wide range of supplies and wholesale items. Patrik, who served as the executive vice-president of merchandising, distribution and marketing, was instrumental in fine-tuning the merchandise and marketing strategies, helping to turn Costsavers into a success story that would break into the Þekskarl retail market, and change the face of retailing worldwide.
The first Costsavers in Þeksmark opened at Orchard Road, New Eiderwig in 1999, setting a Þekskarl record for most customers and parking tickets served in a day.
Over the next decade, Costsavers Þeksmark continued to innovate and grow, and in 2003 merged with the largest retailer in Þeksmark, creating a gifted leadership team
that soon made Costsaver the world’s most successful warehouse club.
Today, as the company evolves, it stays true to the qualities that helped attract and retain millions of loyal members around the globe:
Commitment to quality. Costsavers warehouses carry about 4,000 SKUs (stock keeping units) compared to the 30,000 found at most supermarkets. By carefully choosing products based on quality, price, brand, and features, the company can offer the best value to members.
Entrepreneurial spirit. For decades, the entrepreneurial drive for excellence has defined Costsavers' staff at every level. From its management team to the people on the warehouse floor, everyone is united in a common goal to exceed member expectations.
Employee focus. Costsavers is often noted for being much more employee-focused than other Fortune 500 companies. By offering fair wages and top-notch benefits, the company has created a workplace culture that attracts positive, high-energy, talented employees.
Costsaver serves more than 2 million members across Þeksmark, and is one of the nation's largest retailers, averaging ÞKM
Costsavers Code of Ethics
To continually provide our members with quality goods and services at the lowest possible prices. In order to achieve our mission, we will conduct our business with the following code of ethics in mind:
- Obey the law
The law is irrefutable! Absent a moral imperative to challenge a law, we must conduct our business in full compliance with the laws of every community in which we operate. - Take care of our members
Costsavers membership is open to business owners, as well as individuals. Our members are our reason for being – the key to our success. If we don’t keep our members happy, little else that we do will make a difference. There are plenty of shopping alternatives for our members, and if they fail to show up,
we cannot survive. Our members have placed their trust in Costsavers by paying a fee to shop with us. We will succeed only if we do not violate the trust they have extended to us, and that trust extends to every area of our business. - Take care of our employees
Our employees are our most important asset. We believe we have the very best employees in the warehouse club industry, and we are committed to providing them with rewarding challenges and ample opportunities for personal and career growth. We pledge to provide our employees with:- Competitive wages
- Great benefits
- A safe and healthy work environment
- Challenging and fun work
- Career opportunities
- An atmosphere free from harassment or discrimination
- An Open Door Policy that allows access to ascending levels of management to resolve issues
- Opportunities to give back to the community through volunteerism and fundraising
- Respect our suppliers
Our suppliers are our partners in business, and for us to prosper as a company, they must prosper with us. - Reward our shareholders
If we follow the four principles of our Code of Ethics throughout our organisation, then we will achieve our fifth principle and ultimate goal.
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