COSTCO

Having 583 locations in North America, Costco has successfully dominated the warehouse club market.

Costco intends to establish a total of 15 additional stores in the United States, according to information shared by the company's CFO Richard Galanti during a recent earnings call.

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This began on September 1st. Four have already begun operations, so 11 more will follow in 2023.

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The warehouse club's next opening is scheduled for late January in Queen Creek, Arizona.

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Vice Mayor Jeff Brown of Queen Creek said on Facebook that the facility's 150,000 square feet have yet to have an opening date.

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fuel pumps for the retailer will "likely open on/around Jan. 5th, before of the actual store opening," the statement reads.

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He noted that in contrast to the average Costco location's 16, this one will have 32 fuel spaces.

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The members-only business will open a new location in Kyle, Texas, at the northwest corner of I-35 and Kohlers Crossing in March.

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A 150,000 square foot location will be unveiled in Longmont, Colorado, one month later.

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The store's opening is anticipated to take place around six months early and will be situated next to Harvest Junction South at 205 Ken Pratt Boulevard.

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Additionally, on Pinnacle Parkway in St. Tammany Parish close to Covington, Louisiana, Costco will open its second facility in the New Orleans region.

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Although a start date for the 159,000 square foot facility's construction has not yet been specified.

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Over the following ten years, the store is anticipated to bring in more than $60 million in new sales tax and property tax revenue for St. Tammany Parish, as well as 150 new jobs.

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In addition to opening additional stores outside of the US in 2023, Costco also intends to do so in South London, Ontario; Pudong, China; and Meiwa, Japan.

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