Costco’s launch delayed
Costco Australia has reportedly delayed the launch date of their first Australian store, just two months after announcing the store would open five months ahead of schedule.
Originally slated to open towards the end of the year, the retailer reported in March that they were anticipating a July opening of their first store at Docklands – on the western side of Melbourne’s CBD. The store, which will have almost 4,000 product lines, will now open in mid-August, according to a report in the Australian Financial Review.
The American-based retailer, which sells everything from household appliances to bedding and groceries, still remains coy about the extent of their expansion plans in Australia, although their second store is to be built in Sydney.
The Sydney site has not yet been announced, but Costco has sought an amendment to a draft Parramatta local environment plan to build on a vacant 69,000-square-metre industrial site in Camellia.
Their need for sites up to 15,000 square metres ensures a challenge to find suitable locations in Australia, where the planning requirements are vastly different to those they are confronted with in the US.