02-28-2024, 09:58 PM
(This post was last modified: 03-01-2024, 04:45 AM by HereOnThePrimalEdge.)
Hawaii has the busiest Costco in the world on Oahu. Of the top 10 busiest stores, 4 are in Hawaii. They open 10-15 new stores across the US every year. Here is how they decide when and where they should open a new store:
Galanti said that when a store hits certain annual sales numbers, that's a sign that the chain should consider expanding in that region.
"Those are huge numbers. And certainly, as we get to $350-plus — and one of them, by the way, they did over $400 million — did a few million over $600 million. And so, generally, when it starts getting — when it starts having a three in front of it, certainly at $350 million, we want to start looking to see what we can do to cannibalize it, frankly, and to have more growth in that market," he added.
Essentially, Costco's secret recipe for expansion involves building off successful stores. That's a smart plan given its warehouse and distribution network can more easily serve stores that are relatively close to each other.
https://www.thestreet.com/retail/heres-h...new-stores
I sent an email to their customer relations to find out the annual sales at the Kailua Kona store. I’ll post when I receive a reply.
UPDATE:
I received a generic, unsigned reply today, in part:
“We do not provide store level details publically. However, there is a chart in our Annual Reports that shows average store sales volumes by year, on the basis of their year of opening.”
I wrote back with more detail about my inquiry, and asked who I might contact directly.
Galanti said that when a store hits certain annual sales numbers, that's a sign that the chain should consider expanding in that region.
"Those are huge numbers. And certainly, as we get to $350-plus — and one of them, by the way, they did over $400 million — did a few million over $600 million. And so, generally, when it starts getting — when it starts having a three in front of it, certainly at $350 million, we want to start looking to see what we can do to cannibalize it, frankly, and to have more growth in that market," he added.
Essentially, Costco's secret recipe for expansion involves building off successful stores. That's a smart plan given its warehouse and distribution network can more easily serve stores that are relatively close to each other.
https://www.thestreet.com/retail/heres-h...new-stores
I sent an email to their customer relations to find out the annual sales at the Kailua Kona store. I’ll post when I receive a reply.
UPDATE:
I received a generic, unsigned reply today, in part:
“We do not provide store level details publically. However, there is a chart in our Annual Reports that shows average store sales volumes by year, on the basis of their year of opening.”
I wrote back with more detail about my inquiry, and asked who I might contact directly.
