In this article, we will introduce 14 countries around the world where Costco is located. If you want to skip the detailed analysis of the retail industry, you can go directly to 5 countries around the world with Costco.
Retailers play an important role in connecting manufacturers and end consumers, providing a platform for product sales and contributing significantly to economic growth. In one of our previous articles, it was about two retail companies: Walmart Inc. (NYSE:WMT) and Amazon.com Inc. (NASDAQ:AMZN), ranked at the top of the list. The world's largest company by revenue.
Before we take a closer look at the countries with the most Costco warehouses and stores in the world, let's take a look at the global retail industry and Costco Wholesale Corporation (NASDAQ:Fee).
Global retail market overview
The global retail market plays a critical role in driving the economy, providing goods and services to consumers around the world through a variety of channels.according to report According to IMARC Group, the global retail market is estimated to reach $28.51 trillion in 2023. In the future, this market is expected to reach its size, growing at a compound annual growth rate (CAGR) of 5.54% from 2024 to 2032. It will reach $46.3 trillion by the end of the forecast period. The proliferation of online shopping, technological advancements, and changes in consumer behavior are some of the key trends creating a positive outlook for the global retail industry.
Retail companies and businesses continue to adapt to trends such as retail therapy, digital transformation, and sustainability to attract customers and remain competitive in this dynamic and evolving environment. In addition to Costco Wholesale Corporation (NASDAQ:COST), two other major players in the global retail market include Walmart Inc. (NYSE:WMT) and Amazon.com Inc. (NASDAQ:AMZN). It will be.
Technological innovations in the retail industry such as Internet of Things (IoT), artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) are also expected to have a positive impact on the retail market during the forecast period. There is also strong demand for personalized and convenient shopping experiences. February 2nd, Amazon.com Inc. (NASDAQ:AMZN) introduced Rufus is a new generative AI-powered expert shopping assistant. Trained using Amazon.com Inc. (NASDAQ: AMZN)'s vast product database, web data, customer feedback, and community Q&A, Rufus provides users with a conversational shopping experience. He assists customers by answering questions about various shopping needs and products, providing comparisons, and providing recommendations based on ongoing conversations. Rufus has been released in beta for some customers of Amazon.com Inc.'s (NASDAQ: AMZN) mobile app, but will be available to more U.S. customers in the coming weeks. It is scheduled to become.
Retail companies focus on providing superior service and innovative solutions to meet the diverse needs of their vast customer base. Walmart Inc. (NYSE:WMT) is an American multinational retail company that operates a chain of grocery stores, hypermarkets, and discount department stores in the United States. The company also owns and operates Sam's Club, a members-only warehouse club retail store chain that provides members with special discounts and quality merchandise. January 9th, Walmart Inc. (NYSE:WMT) announced Sam's Club says it has introduced new technology using AI and computer vision to eliminate the need for members to wait in line to check their receipts at the exit. This innovation is part of the company's continued efforts to improve the member experience and differentiate itself as a segment innovator. Deployed in the club's exit area, the technology captures an image of the cart and confirms payment for all items in a member's basket. The technology is currently being piloted at his 10 Sam's Club locations. With AI constantly learning and improving, the company aims to improve its technology and expand it to around 600 clubs by the end of 2024.
Retail giant: Revealing Costco's success
Costco Wholesale Corporation (NASDAQ:COST) is an American multinational corporation that operates an international chain of membership warehouses. We sell a wide range of branded products at low prices through mass sales with low profit margins, and also offer the convenience of specialized departments and services exclusive to our members. Costco Wholesale Corporation (NASDAQ:COST) also ranks highly. Best discount retailer stocks to buy. The company's success can be attributed to its membership model, which has high membership renewal rates and fosters customer loyalty and repeat business.
December 14, 2023 Costco Wholesale Corporation (NASDAQ:COST) reported strong first quarter 2024 earnings. The company reported earnings per share (EPS) of $3.58, beating EPS estimates by $0.16. Costco Wholesale Corporation (NASDAQ:COST) generated revenue of $57.8 billion, beating his revenue estimates by $10.51 million. here are some comment From Costco Wholesale Corporation's (NASDAQ:COST) Q1 2024 financial results announcement:
“In terms of renewal rates, at the end of the first quarter, the renewal rate in the United States and Canada was 92.8%, while the global renewal rate was 90.5%. Both of these rates were 0.1% increase from 12 weeks ago. Membership growth continues: Ending the first quarter with 72 million paying household members (up 7.6% year-over-year) and cardholders. 129.5 million (up 7.1%), with consistent growth over the quarter. At the end of the first quarter, there were 33.2 million paid executive members, and in the 12 weeks ending in the fourth quarter, there were 939,000 paid executive members. The number of people has increased.
Executive members currently account for over 46% of paid memberships and over 73% of global sales. ”
what is this madison investmentsInvestment advisor Costco Wholesale Corporation (NASDAQ:COST) had to talk about its “Madison Sustainable Equity Fund'' Q4 2023 investors. letter:
“Costco Wholesale Corporation (NASDAQ:COST) reported solid holiday results and announced a special dividend of $15 per share. Earnings exceeded expectations due to improved gross margin. Same Stores Sales were 3.9% and foot traffic was strong. Costco also noted improved discretionary trends and strong seasonal sales.”
Costco Wholesale Corporation (NASDAQ:COST) continues its growth trajectory by expanding its global footprint with a focus on opening new stores and warehouses around the world. This strategic move reflects the company's commitment to sustained expansion and market dominance and is aimed at driving revenue growth and market penetration.
Here are some more comments from Costco Wholesale Corporation's (NASDAQ:COST) Q1 2024 earnings call regarding its expansion plans.
“In terms of warehouse expansion in the first quarter, we opened 10 locations, including one Lilo (ph), for a total of nine locations. Of those nine, eight were in the U.S. and one in Canada. For the full year FY24, we estimate openings. We are planning to open 33 locations, including two relo locations. Therefore, the net increase in new warehouses will be 31, up from 23 locations opened in FY23. increases from
In the second quarter of FY24, we are planning four new locations, including a sixth building in China at the beginning of the calendar year. ”
We talked about Costco Wholesale Corporation (NASDAQ:COST) and what's going on in the global retail market. Next, let's take a look at the 14 countries around the world where Costco is present.
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methodology
In this article, we have listed 14 countries around the world where Costco is located. Costco Wholesale Corporation (Nasdaq:Fee) company profile. We used the most recent data available, updated in February 2024. This database provided information about Costco Wholesale Corporation (NASDAQ:COST)'s worldwide operating regions. We ranked the 14 countries around the world where Costco is located in ascending order based on the number of Costco stores.
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Costco is located in 14 countries around the world
14. Sweden
Number of Costco stores: 1
Sweden is a Scandinavian country located in Northern Europe. In 2022, Costco opened its first warehouse in Arninge, Tavy, north of Stockholm. Our members-only warehouse stocks a wide variety of items, including bulk groceries and electronics. With one Costco warehouse, Sweden ranks on the list of Costco countries in the world.
13. New Zealand
Number of Costco stores: 1
New Zealand is an island country in the southwestern Pacific Ocean. There is only one Costco warehouse in New Zealand. The first Costco store in Auckland's Westgate opened in September 2022. Costco stores in New Zealand offer a wide range of products and services, including bulk groceries. The warehouse also offers eyeglass, pharmacy, hearing aid, fuel, tire and food court services.
12. Iceland
Number of Costco stores: 1
Iceland is a Nordic island country located between the North Atlantic Ocean and the Arctic Ocean. The first and only Costco warehouse in Iceland he opened in 2017. It is located in Gardavajr, south of Iceland's capital Reykjavík. This warehouse offers great deals on a wide variety of items, including bulk groceries, electronics, furniture, sporting goods, tires, batteries, and more.
11. France
Number of Costco stores: 2
France is a Western European country that ranks in the list of countries with Costcos in the world. There are two Costco warehouses in France. The first Costco warehouse in France opened in June 2017 in Villebon-sur-Yvette. The second store opened in Pontaux-Combaud, France in 2021.
10. Spain
Number of Costco stores: 4
Spain is a country located in southwestern Europe and ranks in the top 10 on the list of countries with Costcos in the world. There are four Costco stores in Spain. His four Costco stores are located in Seville, Sestao, Getafe and Las Rozas de Madrid.
9.China
Number of Costco stores: 6
China is one of the largest and most populous countries in the world. The first Costco store in China opened in Shanghai in 2019. According to recently reported data, there are currently a total of six Costco warehouses and stores in China.
8. Taiwan
Number of Costco stores: 14
Taiwan is a country in East Asia and ranks number 8 on the list of countries with Costco in the world. Costco's first warehouse in Taiwan was opened in Kaohsiung in 1997. There are currently 14 Costco warehouses and stores in Taiwan.
7. Australia
Number of Costco stores: 15
Australia is the largest country in Oceania, consisting of the mainland of Australia and numerous small islands. Australia's first Costco store opened in 2009 in Docklands, Melbourne, Victoria. Australia has 15 Costco stores and warehouses, ranking it 7th on the list of countries with Costco locations worldwide.
6. Korea
Number of Costco stores: 18
South Korea is a country in East Asia that borders North Korea. Costco has a strong presence in South Korea, with warehouses in most of the country's major cities, including Busan, Daegu, and the capital, Seoul. With a total of 18 Costco stores and warehouses, South Korea ranks 6th on the list of countries with Costco locations worldwide.
Click to keep reading to see the 5 countries with Costcos around the world.
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Disclosure: None. Costco is located in 14 countries around the world Published on Insider Monkey.
