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Costco tests Farragut waters

Sources have reported that Farragut’s long wait for its own Costco may soon be over.

Site plans for the store, to be built on the corner of Lovell Road and Kingston Pike, were turned into the Town Monday, May 16, Town administrator David Smoak confirmed.

The proposed 16-acre site is owned by Schaad Holdings and sources say no contract for the property has been signed as of press time.

Town of Farragut’s Community Develop-ment director, Ruth Hawk, said Tuesday, May 17, that she knew the plans were going to be turned it but hadn’t had the opportunity to look over them yet. Hawk said renderings of the site plan should be available later in the week.

Coscto is a members-only warehouse-type savings club.

Costoco first opened its doors as Price Club in 1976 in a converted airplane hangar in San Diego, Calif. The company first only sold to small business, but eventually began serving non-business members in order to increase its buying opportunities.

In 1983 Jim Sinegal, who still is the company’s president, opened the first Costco Club Warehouse.

“We have one mission,” Sinegal said, “to sell top-quality merchandise to our members at the best possible prices.”

Sinegal said Costco is able to cut costs and eliminate many overhead expenses by utilizing the warehouse format.

Costco sells private label merchandise as well as its branded label, Kirkland Signature.

Kirkland signature products, according to Sinegal, are designed to be of equal or better value than national brands and include a variety of products from diapers to automobile tires.

Some of the products Farragut residents can look forward to finding in Costco include fresh produce, meat, dairy, seafood, fresh baked goods, flowers, clothing, books, computer software, vacuums, home appliances, home electronics, solar panels, jewelry, tires, art, hot tubs, furniture and even caskets.

Many warehouses have tire garages, pharmacies, hearing aid centers, optometrists, photo processors and gas stations. Optometrists working at Costco locations will see patients without Costco memberships.

Costco, according to Wine Business International, is one of the largest retailers of fine wine in the world.

In some states, such as Tennessee, where laws prohibit the sale of wine in grocery stores, Costco has opened a separate liquor store in compliance with individual state laws.

Costco also has an online store on which members can not only shop, but find employment information, information on product notices and several other customer service related topics.

Costco has three membership programs to choose from, Business Membership, old Star Membership and Executive Membership.

Business Membership is available to all licensed businesses, nonprofit organizations, government agencies, farmers and ranchers. The $50 annual membership fee includes one household card per primary membership.

Gold Star Membership is available for individuals who do not qualify for a Business Member-ship. Gold Star Membership is $50 per year, and includes one household card per primary membership.

For more information and a list of benefits with each membership, visit


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