Construction Reporter
  • Home
  • Services
    • Planroom
    • Free Trial
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

costco planning for continued facility expansion

6/12/2018

0 Comments

 
With its May numbers showing that it enjoyed $11 billion in revenue, up by nearly $2 billion over May of last year, the Costco Wholesale Corporation is experiencing the best of times.

One of the reasons for the company’s continued growth is due its membership base, which makes up roughly 75 percent of its revenue, meaning it is less threatened at any time from competitors like Walmart and Amazon.

Costco “doesn’t respond like most retailers because it has a different business model,” notes a recent analysis conducted by the financial services company known as the Motley Fool, adding that “there are no signs that the model has any weakness.”

Reflective of that growth, Costco, which is based in Issaquah, Washington, has announced plans to build up to 25 new warehouse locations this year.

Those locations, measuring around 150,000 square feet, are going up across the country, with specific sites expected to open this summer in California, Georgia, Maryland, Minnesota, South Carolina, Texas, and Washington.

The new sites will be added to a current location total of 520 warehouses nationally, and a combined 120 outlets in both Canada and Mexico.

The company currently has ten locations each in Arizona and Colorado, and three in New Mexico. Costco has not said whether it has plans to build additional locations in those states.

Launched in 1983, Costco is now the largest membership-only warehouse in the country. Its total 2017 revenues exceeded $129 billion.  

By Garry Boulard
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Free Trial
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity