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Costco unveils West Australian expansion plans: will it crush the competition?

By Administrator | 1 March 2018

US retail giant Costco has confirmed it is headed west, opening its first Perth store by 2020.

The company announced on Facebook this weekend that it had secured its first Western Australian site, with the news prompting thousands of comments from excited shoppers.

The West Australian reports the $55 million project in conjunction with Perth Airport will produce up to 475 jobs in retail and construction. Construction is expected to begin in 2019 and the doors are expected to open in 2020. The site will be 14,000 square metres and include an optical centre, hearing aid centre, tyre centre and petrol station.

The Perth site will be Costco’s tenth store in Australia, with confirmed locations in every Australian state apart from the Northern Territory and Tasmania.

In a statement provided to SmartCompany, Costco Australia managing director Patrick Noone said the shopping centre will be based at a prime location.

“Perth Airport is the obvious place for us to invest given its proximity to the CBD, the great transport links, and the way it is growing into a consumer-focused retail hub.”

The news is another indicator that the discount grocery market is expanding not just on the east coast, but across Australia. Read more

Caleb Triscari - Smart Company - 26 Feb 2018

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