“At Costco, we have a very simple and unsophisticated rule of thumb: we don't mark up any item more than 14 percent.”

About James Sinegal

Entrepreneur • American

James Sinegal is a renowned American businessman, best known as the co-founder and former CEO of Costco Wholesale Corporation. He pioneered a unique retail model focused on high volume, low margins, and a...

Read full biography

Explore Related Quotes

“A business lunch is a meal where you have two martinis and a secretary.”

— Goodman Ace

Quotoria.com

“For me, businesses are like buses. You stand on a corner and you don't like where the first one is going? Wait ten minutes and take another one. Don't like that one? They'll just keep coming. There's no end to buses or businesses.”

— Sheldon Adelson

Quotoria.com

“I look at every business and ask, 'How can I kill it?' My goal is to be the guy who's going to bust up the other guy's business.”

— Sheldon Adelson

Quotoria.com