Blog: Dean BestCostco catches Oz by surprise

Dean Best | 13 March 2009

Australia's food retail market is renowned for being one of the most consolidated on the planet. But there is a new kid on the block: the Americans are coming.

US club retailer Costco is to open its first store in Australia in July – some five months ahead of schedule.

News that Costco will open the store in Melbourne came today (13 March) and was a welcome surprise amid the plethora of bad-news stories floating around at the moment.

Coscto is also looking for a suitable site in Sydney and, to herald its entry in Australia, has issued a promotional video – which you can see here.

Now, Australia's grocer market remains dominated by Woolworths Ltd and Coles but, in a market that has faced criticism for being closed to competition, consumers are sure to welcome the appearance of another retailer on the landscape.


BLOG

Blue Bell Creameries involved in another safety scare

Blue Bell Creameries is trying to win back the trust of consumers after a fatal listeriosis outbreak last year was linked to its products - but in recent days the US ice cream maker has issued another...

BLOG

Hain Celestial's Orchard House deal waved through

The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....

BLOG

Hershey's unusual move to share sales data

Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....

BLOG

Are EU nations using Brexit to revisit country of origin labeling?

As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...

just-food homepage



Forgot your password?