Typically Costco has been opening one to three warehouses a year so the expansion plans for 2017 is a bold but much needed move. Here's some good news for Costco shoppers! The Financial Post has reported that Costco is doing so well with sales that they plan on opening seven new stores in fiscal 2017. Typically they've been opening one to three warehouses a year so this is a bold but much needed move.
Canadian consumers will be pleased with the addition of Costco Warehouses as currently many Costco shoppers have to drive several hours to reach a warehouse. Seven additional locations will make it easier for Costco shoppers who are lucky enough to be located nearby one of the new warehouses.
Even if older outlets (in Canada's mature markets) have a decrease in sales, the warehouses added will increase sales as existing members will make more frequent shopping trips if they are closer.
Analyst Keith Howlett of Desjardins Securities has stated that "Costco Canada has been an outstanding success and dominates the wholesale club segment", and that opening a Costco Canada is equivalent to opening an estimated four to five conventional supermarkets.
Our Bargainmoose readers enjoy the weekly unadvertised Costco deals that we post, you may want to check it out if you haven't seen it yet!
- Click to view Costco West deals for this week
- Click to view Costco East deals for this week.(Now excludes Quebec.)
We will update this as we find out where the planned locations are for the new Costco Warehouses!
Where would you like to see a new Costco Warehouse location?