Costco Wholesale Corp. is feeling the pain of lower fuel prices and the stronger dollar, but the warehouse retailer is pushing ahead with plans to open more stores in the U.S. and abroad as it attracts new customers.
Chief Financial Officer Richard Galanti said the retailer continues to see growth opportunities in the U.S., Canada and Asia. In the next 12 months, Costco will build 32 new stores, 13 outside of the U.S., including its first store in France and a second store in Spain. Costco expects to have more than 100 stores in Canada in the next several years, up from over 80 currently, Mr. Galanti said.
Costco is a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one. Their warehouses carry about 4,000 SKUs (stock keeping units) compared to the 30,000 found at most supermarkets. By carefully choosing products based on quality, price, brand, and features, the company can offer the best value to members.
Wall Street Journal: Costco to Build 32 New Stores in U.S. and Abroad
