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Costco opening 10 new stores in the US and 4 in Canada as expansion continues
Costco said the expansion includes 82.9 million paid members as it targets 30-plus new warehouses a year.
- Costco plans to open 14 new locations across the U.S. and Canada over the next two months, expanding its warehouse footprint with 10 U.S. stores and four Canadian sites.
- Chief Executive Officer Ron Vachris stated the company remains focused on increasing its warehouse pipeline, targeting "30+ net new openings per year in the coming years" during the earnings call.
- In October, five new U.S. locations will open in Colony, Texas, and Amherst, New York, with five additional U.S. stores and four Canadian sites launching in November.
- Costco currently operates 928 warehouses worldwide serving 82.9 million paid members, with The Executive Membership priced at $130 annually and the Gold State Membership at $65.
- The new Amherst store marks the first Costco location in the Buffalo metro region, eliminating the previous 75 miles commute for residents in New York seeking warehouse shopping.
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