Priceco Wholesale - Membership-Only Warehouse Club
Posted: Sat Jan 06, 2018 12:27 am
[ Home | Locations & Information | Priceco Travel | Priceco Services | Application ]
Priceco Spotlight Service
Based in Kirkland, ViZion, Priceco Wholesale was formed in 1979 after the merger of Price Warehouse and Martco Wholesale, creating the nation's largest membership-based wholesale club. Known for its cavernous warehouses, low prices, and large quantities of high-quality goods, the company has carved out more than just a niche for itself - as the nation's third largest retailer behind only Nile.com and Jackmart.
As massive as the warehouse stores tend to be, the stores average only roughly 4,000 SKU's at any given location. This allows for the stores to offer excellent prices and high rate of sales, keeping the cost for the company low. The average markup for an item at Priceco Wholesale is just 8%, and the highest is 12.5%. These markups are enough to cover the cost of business, with almost all of it the corporate profits coming from the membership fees.
In comparison, the average markup our competitors tends to be over 30%, and many profits - heath and beauty especially - tend to be in the 100%-400% markup. Between this and our lower supplier costs allow Priceco Wholesale to offer the outstanding prices.
At Priceco Wholesale, we abide by our Rule of Four Code of Ethics. While simple, they are paramount to our company.
1. Obey the law.
2. Take care of our members.
3. Take care of our employees.
4. Respect our suppliers.
Upon these four rules, our company runs on. We obey the law, we take care of our members and our employees, while respecting our suppliers, and our company has and will continue to run.
We carry a wide range of products in our and online. While the stores are limited to roughly 4,000 SKU's at a given time, online we have a much larger selection of products.
In addition to the products offered, we offer a range of services including but not limited to: Travel Services; Auto Buying Program; Insurance; Mortgage Finance/Refinance; Business Phone Systems; Point-of-Sale Systems; Payroll Services; Identity Protection; Television and Internet Service; and Cellular Service. These are not directly Priceco-provided services, but rather third-party services with exclusive deals for Priceco members.
Our Stores
Priceco Wholesale warehouses are massive, and packed. Many of our members consider it a days event, brimming with excitement to go on a treasure hunt. New items are always coming in, old items can disappear, and nearly daily our product is shuffled around. This all creates the "treasure hunt" our members are so excited to go on. A once-only item might be there just for today, and with the moves, its easy to find new products you didn't know we carried.
The average size of our warehouses comes in at 143,700 square feet, however they can range from our smallest of 76,370 square feet to our largest at 221,900 square feet. Many of the smaller buildings are from the 1990's and older. As our business has grown, so has the scale of our average warehouse.
Membership Prices
Prices for our Priceco Wholesale membership vary depending on the membership level one chooses.
Silver $60/year
Silver membership is our entry level membership. This gains you full access to the warehouses, some of our services, our website, and our gas stations. This allows for the Primary and one free household secondary.
Gold $120/year
Gold membership is our mid-tier offering. In addition to Silver membership perks, you also get full advantage of all services available through Priceco along with their full perks. You also get 2% cash back on all purchases excluding gasoline. We also extend the 2% cash back to our Travel Services.
Platinum $240/year
Our top-level membership, Platinum adds additional perks to the Gold membership. Cashback is bumped to 5% and is included on gasoline. We have also partnered up with Next Ingenious Notion to give you full access to their on-demand streaming music and on-demand video services, which each cost $9.99 per month stand-alone - those two alone cost the same as this entire membership level, without the additional perks of Priceco Platinum membership!
Introducing the Priceco Everything Credit Card by Gotta Card Services
Available with no annual fee, and exclusive only to Priceco members, the Priceco Everything Credit Card by Gotta Card Services is our high-rewards card for you! With an extremely low transaction fee for Priceco shopping, this allows us to keep costs low, and pass on the savings for you! But beyond that, there are many perks!
- 5% Cash Back
-Priceco warehouses and Priceco.com
-Priceco Travel
-Priceco Gasoline - 4% Cash Back
-Non-Priceco gasoline world-wide
-Non-Priceco Travel - 3% Cash Back
-Restaurants - 1% Cash Back
-Everywhere Else - Introductory Offer
-12 months 0% interest - Large purchase interest free
-0% interest for 6 months on purchases $99.99-$499.99
-0% interest for 12 months on purchases $500.00 and up - No foreign transaction fees
- Travel & rental car insurance for free
- Low APR of 9.98% OAC!
