On July 12th, 1976, the first ever "Price Club" opened, under the new concept of a retail warehouse club.
Following this development, a similar company opened up on September 15th, 1983, "Costco".
Following a merger between these two companies in 1993, and the departure of the Price brothers from the merged business, in 1997, all Costco and Price Club warehouses were re-branded and opened under the name "Costco Wholesale Corporation", as it continues to operate under to this day.
With huge growth both in America and eventually the world, Costco soon found its way to Australia, and in 2011, July 21st, Costco Auburn was open to all Costco Members.