Caixin
May 23, 2018 06:51 PM
BUSINESS & TECH

Costco Hopes Shanghai Will Buy Into Bulk Shopping

Shoppers leave a Costco store in Irvine, California, in the U.S. on Sept. 22. Photo: IC
Shoppers leave a Costco store in Irvine, California, in the U.S. on Sept. 22. Photo: IC

* U.S. retailer Costco’s first store in China scheduled to open in April 2019.

* However, experts have questioned whether its business will succeed as country has yet to embrace bulk sales.

(Beijing) — Costco Wholesale Corp. will open at least two Shanghai stores, the retailer’s first physical presence in the world’s most populous country, which it entered with an online store four years ago.

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