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Costco to open 2nd store in Shanghai

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Added On February 21, 2020

U.S. retail giant Costco on Wednesday confirmed a plan to open a second store in Shanghai.

 
Economy Report has the story.
 
Costco Pudong Warehouse Development Limited, together with a Chinese company, has obtained an over 47,300 square meters lot in Shanghai's Pudong New Area for about 128 million U.S. dollars.
 
The lot is not far from Shanghai Disney Resort.
 
Costco opened its first store in Chinese mainland last August in Shanghai's Minhang district, which has attracted huge crowds of shoppers since the opening.
 
Costco Wholesale senior vice president for Asia said Costco will further expand Chinese mainland market.
 
The maiden store now welcomes some 11,000 customers per day on average, less than some 16,000 on average per day before the outbreak of the COVID-19.
 
Since the epidemic outbreak, the store has strengthened preventive measures and shortened its business time for better disinfection.