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How Costco Decides Where To Open A New Store
#43
For those of you on Punaweb who prefer bicker free posts, here’s an update on why Costco will probably not open a new store in Hilo in the near term. I spoke at length with “a guy” who works at Costco about the possibility of a store in Hilo.  Costco management has said when a store reaches $350,000,000 in sales per year, they look into spinning off a new location nearby.  Sales figures at individual stores are not published, but I was told that Kona “will probably” hit that number this year.

HOWEVER:
* The Kona store cannot find enough workers to fill all the open positions there, so opening in a Hilo could stretch them even thinner 
* Land - convenient, desirable location was not available last they looked into it
* Resistance - management perceives that entities in East Hawaii will create roadblocks to a new store because it would interfere with existing mom & pop stores

Costco announced today membership prices are going up.  Renew as soon as you can.  When the announcement was made after hours trading sent the stock $20-$25 per share higher.

No, I cannot reveal the name or title of my source, the information was provided in confidence.

REMEMBER:
Arrow Welcome to Costco, I love you.  (Idiocracy)
X Are you bickering?  Are you bickering?  There’s no bickering in Costco!  (Paraphrasing A League Of Their Own)
Arrow Arguing OK
X Please, remember, no wagering.
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RE: How Costco Decides Where To Open A New Store - by HereOnThePrimalEdge - 07-10-2024, 09:30 PM

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