Tag: Costco

Retail Asia24/07/2023
la-costco-1024x627.jpg
4min0
Costco Wholesale Australia Pty Ltd has paid penalties totalling $33,000 after the ACCC issued it with two infringement notices for alleged false or misleading labelling of the country and place of origin on lobster products and failing to comply with the Country of Origin Food Labelling Information Standard. In early January 2023, Costco sold two […]

Retail Asia16/09/2022
Costco-Ecommerce-1280x853.jpg
1min0
American wholesale retailer Costco will open its $100 million Westgate store on September 28, ending months of speculation about the date of its debut in New Zealand. The retailer initially planned to open last month, however it was delayed due to bad weather and Covid-related restrictions. The new store spans 1.4ha and will feature a […]

Retail Asia08/06/2022
Costco-Ecommerce-1280x853.jpg
2min0
Costco plans to open three new stores in Melbourne and Geelong within the next two years, investing up to $150 million. CEO Patrick Noone told The Australian in an interview that potential sites were identified near Melbourne’s CBD, and at Officer and Geelong. Each store will be allocated $50 million, with the projects now depending […]

Retail Asia17/09/2019
costco-korea-1024x741.jpg
2min0
Within days of opening its first warehouse store, Costco China is already talking about its plans to expand the new network. As happens in many new market Costco enters, the new Shanghai store grew thousands of people, some of who queued for hours to shop, and then check out, while others spent a similar time […]

Retail Asia09/09/2019
Costco-Ecommerce-1280x853.jpg
3min0
US warehouse retailer Costco opened its first store in China today, against a background of an escalating trade war between the US and China and at a time the local economy is showing signs of slowing. The giant store will open in a suburb of Shanghai boasting a catchment of 2 million consumers and follows […]

Retail Asia05/07/2019
Costco-Ecommerce-1280x853.jpg
2min0
US-headquartered warehouse-club retailer Costco Wholesale will open its first physical store in Mainland China in August. Costco China’s first location will be in Shanghai’s Minhang district, offering memberships to family and corporate consumers at RMB299 (US$43). The firm’s membership strategy has been largely successful in most markets, with an 88-per-cent renewal rate globally. “Costco is […]

Retail Asia20/06/2018
Costco-Ecommerce-1280x853.jpg
1min0
Costco Japan says it plans to launch an online store next year. The wholesale club-style retailer is still finalising plans for the site, in particular the exact launch date and the product range it will offer online. But it says it is committed to the e-commerce business given how Japanese consumers are increasingly buying goods […]

Retail Asia14/05/2018
aldi-team-1280x853.jpg
3min0
International grocery giants Aldi and Costco are driving down fruit and veg prices in Western Australia at a faster rate than anywhere else in the country, according to new research. Analysis conducted by Bankwest has found that Perth shoppers spent 6.9 per cent less on fruit and veg in the year to September 2017 than […]

Retail Asia11/05/2018
Costco--1280x721.jpg
2min0
Costco China plans to open its first store in China next year, even as other international retailers like Lotte and Tesco scale back because of market barriers and disappointing sales. The American wholesale giant has signed an agreement with state-owned Shanghai Pudong Kangqiao Group to set up the headquarters of its Chinese business in Kangqiao, […]

Retail Asia22/03/2018
china-trade-1024x640.jpg
3min0
Failing US president Donald Trump is facing widespread backlash from US retailers and brands over his intention to trigger a trade war with China and other nations. Just days after announcing tariffs on steel imports against the advice of officials, lawmakers and industry, Trump is now believed to be formulating sweeping tariffs on imported goods […]

Retail Asia23/08/2017
la-costco-1024x627.jpg
3min0
Bulk discount retailer, Costco, will open its third Sydney outlet, and ninth store nationwide, at Marsden Park in Sydney’s northwest next week. The Costco Marsden Park store, which will span 13,575sqm, will include a Costco fuel station, tyre centre, food court, optometrist, hearing aid services and fresh food production. The site is located within the […]

Retail Asia14/11/2016
alibaba-singles-day-1024x683.jpg
5min0
Alibaba Group says more than US$7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. And more than $1 billion was transacted in the first five minutes – from 12 midnight. “Chinese […]

Retail Asia23/11/2015
costco-korea-1024x741.jpg
3min
The American membership-only warehouse club Costco Wholesale Korea has opened its online shopping mall this week. It is the first among the Asian countries Costco has entered, and its fifth international online shopping site after the US, England, Canada and Mexico. Customers who are Costco Korea members who register online can shop online at the […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X