The National Retail Federation is pleased to announce that Jim Sinegal, Costco co-founder and board member, received the Gold Medal Award in 2014 during Retail’s BIG Show. He accepted the awards during the Annual Retail Industry Luncheon at NRF’s Annual Convention and EXPO on Monday, January 13, 2014. The BIG Show is being held at the Jacob Javits Center in New York City.
“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 NRF President and CEO Matthew Shay. “All of the award winners have successfully been able to cut through the clutter and make an outstanding name for themselves by continuing to innovate and effectively serve their customers in an ever-changing world.”
The Gold Medal is the most coveted award in retail, given to an individual who has served the industry with distinction and achieved a national reputation for excellence. The recipient has also displayed creative genius and inspirational leadership and has won the respect of fellow merchants for devotion to the retail craft.
This year’s recipient of the Gold Medal Award is Jim Sinegal, co-founder and board member of Costco. As co-founder, 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 645 stores operating in 42 states, Puerto Rico and nine countries, and sales of $103 billion.
Prior to joining Costco, Sinegal served as executive vice president 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 vice president, overseeing merchandising and operations.
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