Develop a Shopping App Like Costco: A Brief Guide

The global shopping app market size was valued at $868.4 billion and $932.8 billion in 2021 and 2022, respectively. The market size is expected to reach 2.8 trillion by 2030 with its rapidly growing compound annual growth rate of 14.23% between 2024 and 2030.?

Now let’s talk about Costco. A leading shopping app, Costco is an American multinational retail wholesale platform known for selling countless items at lower prices.?

This wholesale corporation or a membership-only warehouse club sells a variety of brand names and private label products at a lower price than other retailers.?

In this brief guide, we have covered statistics of the shopping app Costco, shopping app development cost, and key features it includes.?

Let’s get started with some must-know statistics about Costco so that you have an idea of the true potential of retailers or shopping apps.?

Statistics of Costco: An Online Shopping App?

• Costco is the third-largest retailer in the world, just behind two giants: Amazon and Walmart.?
• Costco was the first company ever that has crossed $3 billion in sales in just 6 years.
• As of 2024, Costco's market cap is $388.66 billion, which makes the retail giant the 23rd largest company in the world.?
• In terms of generating revenue, Costco comes in third place with a whopping revenue of $234 billion.?
• As of 2023, Costco has approximately 130 million active members globally.?
• Costco generates revenue in many ways, including membership fees, merchandise sales volume, home, and installation programs, and auto sales programs.?

Cost to Build a Shopping App Like Costco?

One of the biggest questions before developing an app for businesses is – what’s the development cost of building an app like Costco??

Indeed, there is no fixed amount to build an application like Costco since several factors affect the overall development cost. The factors that influence costs include your project’s complexity, UI/UX design, features, tech stack, etc.?

However, if you build a shopping app with basic features, it can cost you between $15,000 and $60,000. Integrating advanced features and technology, a shopping app can cost you $80,000 or above.?

6 Key Features of a Shopping App Like Costco?

The key features that a shopping app like Costco must have are as follows:?

1. Bulk Purchase Option

Shopping apps, especially retailers, must have bulk purchase options so that they allow users to buy products in large quantities at low prices.?

2. Membership Integration?

Membership integration is one of the essential features of shopping apps like Costco since it allows users to sign up, manage, and renew their membership.?

3. Personalized Recommendation?

Shopping apps must utilize algorithms and a feature that personalizes the recommendations according to user behavior, search history, and purchase history.?

4. Order Management and Tracking?

Order management & tracking is one of the most important features of a shopping app since it offers real-time tracking of orders such as delivery status and history.?

5. Payment Gateways

A rich feature that offers multiple payment options, including credit or debit cards, UPI, digital wallets, bank transfers, etc., is a must for seamless transactions.?

6. Customer Support?

To resolve customers' queries, it is a must to integrate a customer support system that includes live chat, email, etc.?

Conclusion?

Shopping apps are one of the best digital marketing solutions to generate more conversions and revenue. Investing time and money to build a shopping or eCommerce app like Costco is a lucrative step; however, deep research and analysis are necessary before investing your essential resources. If you want to explore a detailed guide on building a shopping app like Costco, tap on the link.?