Jim Sinegal

On Wednesday morning, just hours after he wrapped up the State of the Union speech, President Obama will pay a visit to a Costco in Lanham, Maryland. There, he's likely to reinforce messages about raising the minimum wage and income inequality. It will hardly be the first time this administration has held up the discount behemoth as a model of corporate success. In his speech on the economy back in July, Obama hailed Costco as a company that "pays good wages and offers good benefits," proving "that this isn't just good for their business, it's good for America." 

Joe Biden has a Costco card? Who knew? The vice president — who renewed his membership just this week, it turns out — flashed his Costco credentials Thursday as he helped the discount retailer at the grand opening of its first store in Washington, D.C. Costco CEO Craig Jelinek greeted Biden before his shopping spree, as did company co-founder Jim Sinegal.

Costco co-founder and former CEO Jim Sinegal appeared on CNBC Wednesday morning to offer a preview of his speech tonight at the Democratic National Convention and explain why he supports the re-election of president Barack Obama. Appearing live from...

Issaquah, Wash.-based Costco Wholesale Corp. plans to open 20 new U.S. store locations in 2012, according to www.wwd.com. “We would expect increased expansion activity as we’ve got more in the pipeline, as well as an ongoing increase proportionally of some of the overseas expansion, which tends to be a little more expensive in some of these very densely populated major cities,” said Jim Sinegal, co-founder of Costco Wholesale Corp. The company is reportedly considering expansion in major European cities, including Paris and Madrid. Costco currently operates 598 warehouses, including 433 in the United States and Puerto Rico, 82 in