Costco to make inroads into China

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25 May 2018 à 18h24

Updated on 10 May 2019 à 17h06

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1 minute

Publication: 25 May 2018 à 18h24, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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Publication

25 May 2018 à 18h24

Updated on 10 May 2019 à 17h06

Reading time

1 minute

Publication: 25 May 2018 à 18h24, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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The wholesale retailer Costco will open its first membership retail store in 2019. This will be in Shanghai’s Minhang district in partnership with the property company Galaxy Holding based in Shenzhen. Another Costco store is also expected in Shanghai’s Pudong area in 2021. Costco has been selling its products on Tmall’s marketplace since 2014. In the fiscal year to September 2017, Costco ran 746 warehouses and posted net sales of US$126 billion (+9% in total, +4% like-for-like).

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