To compete with Walmart, Costco announces 7 openings in China

Featured image of the article To compete with Walmart, Costco announces 7 openings in China
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Publication

22 July 2022 à 11h46

Updated on 21 October 2022 à 21h42

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2 minutes

Publication: 22 July 2022 à 11h46, Updated on 21 October 2022 à 21h42

Reading time: 2 minutes

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While many food retailers have failed in China, the membership-based wholesale model is a success.
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Publication

22 July 2022 à 11h46

Updated on 21 October 2022 à 21h42

Reading time

2 minutes

Publication: 22 July 2022 à 11h46, Updated on 21 October 2022 à 21h42

Reading time: 2 minutes

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Costco (retail sales 2021: US$192 billion, +17%) announced that it will open 7 stores from this summer, adding to the 2 current stores in Shanghai and Suzhou. They will be in Guangdong, Jiangsu, Zhejiang, Shanghai and Shenzhen, which will house the largest Chinese store.

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