Costco Accelerates Warehouse Expansion in Australia
Costco Wholesale Corporation plans to open 28 new warehouses in Australia in fiscal year 2026, with ambitions for over 30 openings annually thereafter. This expansion is part of a global growth strategy aimed at increasing its retail footprint and operational capabilities.
Theia Market Signal Identification - AI Assisted
Costco aims to open 28 net new warehouse locations in Australia during fiscal year 2026, targeting over 30 openings annually in subsequent years. The expansion is part of a larger global strategy, supported by an expected capital expenditure of approximately $6.5 billion for the financial year, which includes new developments and upgrades to existing sites.
Enhanced logistics and operational efficiencies, such as checkout automation, are also being prioritized to improve customer flow. This strategy indicates a significant commitment to growing its market presence in Australia, which may increase competition in the retail sector.
Comments