A thoughtful woman with one hand on her chin in front of a Costco building.
CONSUMER AFFAIRS

It's official, it won't be just in the US: costco confirms the most anticipated news

Costco's confirmation about their next steps sparks great interest and expectation in the sector globally

For years, consumers have wanted more physical stores from this chain in other parts of the world. Although numerous locations have opened in the United States, many international customers still didn't have nearby access. Now, everything points to a major change in Costco's expansion strategy.

Starting in July, Costco will open new locations not only in the United States, but also in other countries. For example, in Malmö, Sweden, a store will open this month. The news comes after the recent opening of a center in Pyeongtaek, South Korea, which confirms their commitment to the global market.

Facade of a Costco store with the logo visible at the top of the building.
Costco plans to open 10 new stores this summer | Costco

New openings this summer

Along with the Swedish store, a new branch will also open in Midland, Texas. Both will be ready this July and will be part of a plan that includes ten new openings during the summer. This is a highly desired expansion by millions of Costco members around the world.

In August, the pace won't slow down. Canada will have new stores in Newmarket (Ontario) and Rimouski (Quebec), while new locations will also open in Richland (Washington), Allen (Texas), and Spring Valley (Nevada) in the United States. This way, residents of these regions will be able to access the brand's products and services without needing to travel to other cities.

Latin America is also part of the expansion plan, according to Futbolete News. In Guadalajara (Mexico), a store will open in August. This strategy responds to the demand and success of Costco's model, which already has more than 850 stores worldwide, according to the company's own data.

Costco store facade at sunset with people coming in and out.
New Costco stores in Sweden, Mexico, Canada, and the United States | Costco

Why do customers keep choosing Costco?

Many think that price is Costco's main attraction, but it's not the only one. The possibility of buying large quantities at reduced prices remains a strong point, especially for large families. In addition, the private label products offered by the chain stand out for their quality and good price.

Another key point is the return policy. Members can try new products without fear of losing money, thanks to a very flexible return system. There are also extra benefits, such as reduced prices on fuel, insurance, travel, and other exclusive services for members.

Storefront with the Costco Wholesale logo.
The openings include Richland, Allen, and Spring Valley in the U.S | Instagram, @costco_spain

Trust in the brand has grown over the years. According to a report from Statista, Costco had more than 127 million members at the end of 2023. This loyalty is based not only on savings, but also on an efficient shopping experience, good fresh products, and unexpected offers that surprise regular customers.

With this international expansion, Costco strengthens its successful model and promises to bring its philosophy to more corners of the planet. The new openings are just the beginning of a global growth plan that's generating a lot of buzz.

➡️ Consumer Affairs

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