Costco

COST, Costco, the warehouse club that charges an annual membership to shop, where the fees, not the markup on goods, carry much of the profit. An internal rule caps the markup on a regular item at 14% over cost, and Kirkland Signature, its own label since 1995, is nearly a third of sales. Jim Sinegal and Jeffrey Brotman opened the first warehouse in Seattle in 1983. COST here is a Robinhood Stock Token from Robinhood Assets (Jersey) Limited, backed by Costco shares held at Alpaca Securities; dividends are reinvested into more shares and show up as a rising multiplier on the token balance.