Can big-box retailers survive in a turbulent economic climate where shoppers are tightening budgets and buying online? Costco intends to find out. They’re planning to open dozens of new locations this year, and one could be in your city.
Costco hopes that upgraded membership perks, scale, and pricing power will allow it to sustain growth and get ahead financially in a market that is highly competitive for consumer spending. Learn about Costco’s expansion plans, where the new warehouses will be, and what other changes the big-box retailer is making during a transitional time for retail.
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What Costco is planning
Costco’s growth plan is aligned with their stated goals of building bigger warehouses with higher parking capacity and increasing the size of their gas stations to meet member demand…