I'm LongbridgeAI, I can summarize articles.Costco plans to open 14 new warehouses in the U.S. and Canada by year-end, with five opening in October and nine in November. This expansion aligns with CEO Ron Vachris's goal of adding 30+ stores annually over the next decade, targeting growth in North America and globally.
Costco is slated to expand across North America over the next couple of months, with more than a dozen warehouses scheduled to open in the U.S. and Canada.
The company has already been growing this year in the U.S. and beyond, opening stores in California, Florida, Georgia, Minnesota, New York, Texas, Utah and Wisconsin, as well as Mexico and Taiwan.
Now, more warehouses are expected to open before the end of the year.
Five new Costco warehouses are set to open in October in Lee's Summit, Missouri; The Colony, Texas; Amherst, New York; Lawrence, Kansas, and Camarillo, California.
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Costco is set to expand across North America over the next couple of months. (David Paul Morris/Bloomberg / Getty Images)
In November, Costco will open nine additional warehouses, including four in Canada — Northeast Edmonton and Lloydminster in Alberta and East Windsor and Wasaga Beach in Ontario.
The U.S. stores set to open in November will be in South Meridian, Idaho; Vallejo, California; Chandler, Arizona; Newport News, Virginia, and Franklin, Wisconsin.
For some of the new stores, Costco is just relocating within the same city.
For example, the warehouse set to open soon in Newport News is replacing a store that has been in the city since 1988, after Costco purchased a 32-acre property a few blocks from its current warehouse, aiming to build a 163,000 square-foot retail warehouse and fuel station.
Five warehouses are set to open in October, with nine more scheduled for November, including four in Canada. (Gary Hershorn/Getty Images / Getty Images)
Costco is also planning to open warehouses in even more communities.
Downey, California, approved a plan earlier this year for a new store, while proposals were submitted over the summer in Charleston County, South Carolina, and Hillsborough County, Florida, according to local media.
The company is also exploring possible warehouses in Fresno, California; Lake St. Louis, Missouri; Southborough, Massachusetts; Silver Spring, Maryland; Scottsdale, Arizona, and Des Plaines, Illinois.
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Costco is also planning to open warehouses in even more communities. (Angus Mordant/Bloomberg / Getty Images)
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Despite the expansion plans, Rhode Island, West Virginia and Wyoming will have to wait for now, as Costco is not expected to expand into any new states.
This comes after CEO Ron Vachris said earlier this year that the company wants to open 30 or more warehouses annually over the next five to 10 years. About half of those would be new warehouses in the U.S., while the remainder would open in locations around the world, with Vachris pointing out Mexico, Canada, Asia, Europe, Australia and New Zealand as potential spots for some of the future warehouses.