Costco already planning second store in Shanghai

[Hamartia Antidote]

https://seekingalpha.com/news/3496291-costco-already-planning-second-store-shanghai

Costco (NASDAQ:COST) plans to open a second store in Shanghai after seeing huge traffic at its first store opening in the city.

The retailer hopes to start the construction as soon as possible.

Costco CEO Richard Galanti says the company is optimistic about the future of the brand in China.

https://twitter.com/i/web/status/1166444347052552192

 

[Hamartia Antidote]

Costco Shanghai China | Is shopping in Costco cheaper

price compare!

 

[Figaro]

https://seekingalpha.com/news/3496291-costco-already-planning-second-store-shanghai

Costco (NASDAQ:COST) plans to open a second store in Shanghai after seeing huge traffic at its first store opening in the city.

The retailer hopes to start the construction as soon as possible.

Costco CEO Richard Galanti says the company is optimistic about the future of the brand in China.

Good for Costco. I'm surprised they were so late to the China game ... imagine if they opened their first China store back 20 or even 10 years ago.

 

[Hamartia Antidote]

Good for Costco. I'm surprised they were so late to the China game ... imagine if they opened their first China store back 20 or even 10 years ago.

Well they opened up their first store in Taiwan in 1997 and now they have 13. So there must have been a reason for the long delay.

10+ in South Korea
26+ in Japan

 

[Figaro]

Well they opened up their first store in Taiwan in 1997 and now they have 13. So there must have been a reason for the long delay.

10+ in South Korea
26+ in Japan

Unfortunately they missed out on a huge China boom ... but as they say, better late than never. Especially for such a great company like Costco

 

[Hamartia Antidote]

Unfortunately they missed out on a huge China boom ... but as they say, better late than never. Especially for such a great company like Costco

It must have been some kind of red tape. I'm guessing related to Walmart's Sam's Clubs in China (which opened in 1996).

 

[TruthSeeker]

My wife and I are now elderly, our children long grown with their own families. Hence we don't need to shop for a lot of things at our CostCo. Still, we buy all of our electronics and many special foodstuffs (like cashew nuts, crab legs or fine wine) there. I buy my hearing aids at CostCo, every four or five years, saving thousands of dollars each time. We have been CostCo members for 30 years.....