Costco Australia has just announced future store locations as the popular wholesale discount retailer expands its nationwide footprint.
Currently the US giant operates eight stories across Australia, and plan to open three new buildings in 2016. Current Costco locations include:
- NSW – Crossroads, Auburn
- QLD – North Lakes
- SA – Kilburn
- VIC – Moorabbin, Ringwood, Docklands
- ACT – Canberra
Of the three planned to be opened this year, locations announced include Marsden Park in Sydney, Brisbane, QLD and the third in the Victorian suburb of Epping.
Costco Australia’s Managing Director Patrick Noone told A Current Affair that after opening in these locations, they aim to focus on“second-tier cities” such as Newcastle, Wollongong and Darwin.
After turning over $1.3 billion in sales, Mr Noone said the success of the business can be attributed to Costco’s “efficient business model”.
“We have an extremely efficient business model. If you look at everything it’s on a pallet, we have an open framed ceiling, we have concrete floors, we have very low costs and overheads and we continue to drive prices down rather than drive prices up,” he said.
Future Costco stores are aiming to have a petrol station onsite, offering a cheaper fuel alternative to consumers, often at between 10 – 20c per litre less than mainstream service stations.
“Every Costco in the future will likely have a petrol station on site. The growth has been spectacular,” Mr Noone said.
The retailer has become an instant hit with shoppers, who pay an annual membership fee of $55 – $60 per year. It doesn’t take long to recoup the fee with high quality merchandise and bulk purchase pricing.
Selling everything from petrol to fresh meat, fruit & veg, bakery, hardware, furniture, liquor, toys, electronics and more.
Here’s our rundown on the best ways to get bang for buck with your Costco membership!