Costco aims for dozens more warehouses in coming years: Here's when the newest open
Costco aims for dozens more warehouses in coming years: Here’s when the newest open
(NEXSTAR) – You know Costco for its bulk items, rotisserie chicken, $1.50 food court combo and cheaper gas, among other things, but for many in the U.S., navigating the wide aisles with an oversized cart is just a fantasy.
The warehouse retailer has a presence in all but three states — sorry, Rhode Island, West Virginia, and Wyoming. In 10 states — Arkansas, Delaware, Kansas, Maine, Mississippi, New Hampshire, New Mexico, North Dakota, South Dakota, and Vermont — there are three or fewer Costco locations.
Costco appears poised to change that.
During a second-quarter earnings call in March, CEO Ron Vachris said the company aims to open 30 or more warehouses annually over the next five to 10 years, echoing remarks from CFO Gary Millerchip. Roughly half would be new warehouses in the U.S., while the others would be worldwide. Vachris mentioned Mexico, Canada, Asia, Europe, Australia, and New Zealand as sites for future warehouses.
He added that while these locations will “maintain … the Costco experience,” they may be more creative than “a standard........
