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2 hours ago

Costco plans major growth push, targeting 30 new locations annually

Costco is betting big on a massive global expansion strategy, aiming to open 30 new warehouses annually over the next decade.Driven by a combined goal to fix overcrowded stores and record-breaking demand, the retail giant is moving into new territories like Port St. Lucie, Florida, while eyeing a 50-50 split between U.S. and international growth. For the American consumer, this could mean shorter lines, better parking and more access to bulk savings as the company tackles "overburdened" locations."We tend to look five to 10 years out in terms of our real estate plans, and we would still see a...

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