Costco's first China warehouse has 200,000 members, blowing past the 68,000 average

[yortsed snacilbuper]

Costco Wholesale Corp. has just one warehouse in China, and shoppers are flocking to it.

Costco’s (COST) Chief Financial Officer Richard Galanti said on the retailer’s fourth-quarter earnings call late Thursday that membership at the Shanghai location totals more than 200,000.

“Just to put that in perspective worldwide, the average Costco, ones that have been open for months and ones that have been open for 35 years, all told, have approximately 68,000 member households per location,” he said, according to a FactSet transcript.

Costco made headlines when eager shoppers forced the Chinese warehouse to close its doors for four hours on opening day due to overcrowding.

Costco will open a second location in early 2021, also in Shanghai. The first warehouse opened on August 27.

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[UTUSN]

1. Has SHITLER been told they opened a store in China instead of another one in the U.S.?!1

[Submariner]

2. China store a tad busy

Is this the line for the $4.99 roasted chicken? egads



Costco should advertise so they can attract more customers.

[HipChick]

4. I would freak out if my Costco was that busy

I only do my shopping there as is, when folks are at work..ie during the week

[msongs]

3. just about everything in costco is made in china lol nt

[klook]

6. Ha, that was my thought too!

“Finally, we get to buy the same cheap products we make for the Americans!”

I’m sure they’re all super excited about buying stuff in the Family of Eight size, too, even though none of them have more than two kids.

[Goodheart]

5. The young man at the bottom of the pic: "GET ME OUT OF HERE!"