A chain of stores popular with bargain hunters has unveiled a major expansion it will be undertaking over the next few months. As many as 15 new Costco stores open for the rest of the year, including half a dozen in August alone.
It’s the kind of thing that can be interpreted as an indication that things are slowly but surely returning to normal and that we are moving away from the lean years of the pandemic. Speaking of which, the Costco chain has also scrapped special shopping hours it launched precisely because it wanted to help specific shoppers during the pandemic. We’ve got all the details below, meanwhile, on new store openings – specifically, where they’re coming from and when.
Opening of new Costco stores
You can keep up to date with new Costco store announcements here on the Membership Club “New Locations Coming Soon” page. The various locations, including some outside the United States, are as follows:
- St. Augustine, Florida — August 2022
- College Station, Texas — August 2022
- Murrieta, California — August 2022
- Verona, Wisconsin — August 2022
- Auckland, New Zealand — August 2022
- Gimhae, South Korea — August 2022
- Queen Creek, Arizona — October 2022
- Lake Stevens, Washington — October 2022
- Gocheok, South Korea — October 2022
- Athens, Georgia — November 2022
- University City, Missouri — November 2022
- Ankeny, Iowa — November 2022
- Redding, California — November 2022
- Logan, Utah — November 2022
- Liberty Township, Ohio — November 2022
These new international store sites reflect the fact that Costco has millions of paying members worldwide. New stores, of course, serve this base and also help attract new paying members. And about this membership, especially its price, you might be wondering what is needed for someone to take advantage of all these hard to pass up offers.
How much does a Costco membership cost?
A “Gold Star” membership, which lets you shop online and in Costco store warehouses, costs just $60 per year. It also includes two membership cards. If you don’t mind paying a little more, there’s also an “Executive” level membership tier that costs $120 per year. Its benefits include a 2% annual reward, as well as discounts on Costco services. As well as two membership cards and the ability to shop online and in warehouses at Costco stores, among other perks.
You can read more about membership offers here.
Among the membership attractions are all the deals you can’t get anywhere else. And these agreements are one of the reasons why the chain’s business is increasing at the moment. Last Thursday, Costco said June same-store sales, less fuel sales, were up 13%.
“Costco is the dominant leader in the attractive warehouse club channel,” Jefferies analyst Corey Tarlowe wrote in a research note to clients.
“We see prospects for the company to achieve comparable sales 1-2% above historical levels based on: 1) the channel shift from traditional grocery stores, department stores and specialty retail; 2) higher growth among Gen Y/Z demos with a stronger trend toward club deals; and 3) bigger baskets as customers buy more categories other than food. »