NRF to recognize Costco's Sinegal
Home & Textiles Today Staff -- Home Textiles Today, January 10, 2014
Washington - The National Retail Federation will honor Jim Sinegal, Costco co-founder and board member with the Gold Medal Award during its "Big Show" at the Jacob Javits Center in New York City, Jan. 12-15.
"Jim was an obvious choice for NRF's Gold Award, given his commitment to the industry and Costco, and dedication to creating such a well-respected culture throughout the organization he helped build," said Matthew Shay, NRF president and ceo.
Sinegal served as president and chief executive officer of Costco from its inception in 1983 until 2012 and remains on Costco's board of directors. During his tenure as president and chief executive officer, Costco became the top warehouse-club retailer in the nation, with more than 645 stores operating in 42 states, Puerto Rico and nine countries, with annual sales of $103 billion.
Prior to joining Costco, Sinegal served as executive vp for the Price Company. He started his career in retail with Fed-Mart Corporation as a store bagger, eventually climbing the ranks to serve as executive vp, overseeing merchandising and operations.
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