Costco is continuing its expansion plan with seven new locations opening next month and more in the works. The new locations include stores in Albany, NY, Oconomowoc, WI, Otsego, MN, Mansfield, TX, Celina, TX, Stone Mountain, GA, and Lee’s Summit, MO.
Expansion Plans
In June, Costco opened new locations in Syracuse, Utah and Pensacola, Florida and this month is opening its newest location in Taiwan. Residents living in Buffalo, New York are eagerly awaiting the first Costco in the area, scheduled to open this fall in the northern suburb of Amherst.
During its May 28 earnings call, Costco reported a revision of its new store opening target to 26 new locations but is still targeting its long-term goal of opening 30+ new warehouses annually. Costco President and Chief Executive Officer Ron Vachris stated that the company’s real estate operations team continues to focus on increasing its pipeline of new warehouses both domestically and internationally.
Costco has 928 locations worldwide with 82.9 million paid members. The warehouse club offers two membership options, both with different benefits. The Executive Membership is $130 a year and the Gold State Membership is $65 a year.
Original reporting: Dallas – Ft. Worth Feed (HLL/CB) — read the source article.
