Costco Wholesale Corporation operates an international chain of membership warehouses, under the “Costco Wholesale” name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources. The warehouses are designed to help small-to-medium-sized businesses reduce costs in purchasing for resale and for everyday business use. Individuals may also purchase for their personal needs.
As of May, 2014, Costco has 652 warehouses:
- 459 in 43 states and the District of Columbia in the United States
- 87 in 9 provinces in Canada
- 33 in 18 states in Mexico
- 25 in 3 nations in the United Kingdom. The latest to open is in Farnborough.
- 19 in Japan. The latest to open is in Chubu Airport.
- 10 in South Korea
- 4 in Puerto Rico
- 10 in Taiwan
- 6 in Australia
- 2 in Spain(upcoming)
In May 2014 Costco opened another store in Australia bringing, as the Moreton Bay Regional Council mayor Allan Sutherland said, jobs and growth to the booming region. The North Lakes store will be the sixth Costco to open in Australia, and one of the few offering petrol to members.
Allan Sutherland underlined that Queensland is welcoming the new approach to retail that also promises to usher in a “new era at the petrol pump”.
“Costco will cement North Lakes’ reputation as a retail shopping destination for all of southeast Queensland, and that means local jobs and additional investment in our region.
He also saluted the hundreds direct and indirect jobs that were generated in the Moreton Bay Region with the Costco’s arrival and said that it’s also likely to create additional competition at the petrol bowser which is obviously good for local motorists and the local economy.
“If Costco’s success in the southern states is anything to go by, the opening of the North Lakes warehouse signals the beginning of a retail revolution that will deliver additional shoppers to the Moreton Bay Region and benefits for existing retailers.
“There’s a lot to be excited about,” he declared for The Courier Mail.
All Costco deals and specials from their online catalogue are now available on http://ycatalogues.com.au/ together with the store hours and details on how to get to every Costco store.