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Costco plans to open 18 stores in the US with 10 opened in the first quarter 2014

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Costco in the US: Local Profile, 2013 - a new company profile report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-24 03:12:03
Costco plans to open 18 new stores in the US during FY2014, a 50% rise compared to the previous year. These new store openings come in the backdrop of improved membership fees and same-store-sales. Of these new stores, the company plans to open 10 stores in the first quarter of FY2014 while the rest during the remaining part of the year.

In FY2012, Costco US operated 451 stores, an increase of 2.7% from the previous year. Overall, the company´s store count increased at a CAGR of 2.7% during the period 2008–2012.

The world´s largest economy has been facing volatile economic growth following the recession in 2009. The US economy grew at a rate of 2.4% in 2010, which further slowed down to 1.8% in 2011 before recovering partly in 2012 to reach a growth rate of 2.2%. Due to these volatile conditions there has been a significant impact on the retail and wholesale industry in the US, according to Conlumino´s new report: Costco in the US: Local Profile, 2013.

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